Sunday, August 23, 2009

Housing Market Index Up 1 Point

In a sign of just how bad things have been in the housing market lately, it’s deemed good news when the housing market index (HMI) goes up 1 point.

housing market index chart, aug 2009 (click to embiggen; back to return)

(chart from the National Association of Home Builders/Wells Fargo monthly housing market index)

See the original NPR story here and the original press release by the NAHB here.