NAHB Index Unchanged At 71 in November

Newman, Emily
November 2004
Bond Buyer;11/17/2004, Vol. 350 Issue 32012, p2
Trade Publication
The article reports that the housing market index of National Association of Home Builders (NAHB) remained steady at 71 points in November 2004. Association had a fourpoint boost in October, and since then they have remained steady. NAHB president Bobby Rayburn noted that low mortgage rates continue to enhance builder confidence, while rates on long-term mortgage have edged up marginally in the last few weeks, which is a key factor driving buyer's demand. NAHB chief economist David Seiders added that current mortgage rates at 5.76% are "exceptionally attractive." Meanwhile, the housing market index for new single-family homes rose two points to 79.


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