June NAHB Index Up 5 Points to 62

Newman, Emily
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p2
Trade Publication
The National Association of Home Builders' Housing Market Index (HMI), a monthly gauge of builder sentiment, rose five points to 62 in June 2003. For June 2003, the HMI component index, which gauges current sales of new single-family homes, rose five points to 67. The index gauging traffic of prospective buyers also rose six points to 46. The HMI is derived from a monthly survey of builders, who rate current sales of single-family homes and sales expectations for the next six months, as well as traffic of prospective buyers.


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