Housing Market Index in USA at All-Time High
The US National
Housing Builders Association shared the October housing market index. Accordingly, the housing market index in the USA was announced at an all-time high.
The US National Housing Builders Association (
NAHB) announced the housing market index. Accordingly, the housing market index in the country increased by 2 points to 85 in October compared to the previous month. With these data, it reached an all-time high.
The market expectation for the index, which saw the highest level with low mortgage rates increasing housing demand, is expected to maintain its level in September.
The housing market index increased by 5 points in September compared to the previous month, reaching the level of 83 and reached the record level.
A value above 50 in the housing market index indicates a positive outlook in housing sales, while a value below 50 indicates a negative outlook.