September 2018 US NAHB housing market index 18 September 2018
- Prior 67
- Single home sales 74 v s73 prior
- Prospective buyers 49 unch
- 6m expectations 74 vs 72 prior
Although a beat, it’s unchanged on last month and that might be a sign that the recent downtrend is at least pausing. We’ve seen this and the MBA data signalling a potential slowdown in housing activity and there’s nothing to remove that worry just yet.