CD Media
Markets

NAHB Housing Index Shows Continued Strong Growth

NAHB Housing Index Shows Continued Strong Growth

The National Association of Home Builder’s Index came in at a strong 62 vs consensus estimate of 63, showing continued strong support for the American housing market.

NAHB Housing Market Index is released by the National Association of Home Builders. It presents home sales and expected home buildings in the future indicating housing market trend in the United States. The growth rate of the housing market affects the USD volatility. Normally, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).

Related posts

Dow Back Over 27,000, All Eyes On ECB Tomorrow, Oil Down Again Post-Bolton

CD Media Staff

Market Shakes Off Weak Economic Data In Hope Of Further Rate Cuts

CD Media Staff

Russian State Media Pushes Idea Of China Selling US Treasuries To Hurt Trump And USD

CD Media Staff

Leave a Comment