Details of the June NAHN housing market index:
- Five month high
- Prior was 58 (unrevised)
- Single-family sales 64 vs 63 prior
- Prospective buyers 47 vs 44 prior
- Sales over the next six months 70 vs 65
The results are upbeat but housing alone isn't going to be enough to get the US economy out of the 2% rut.
The NAHB survey measures home builder sentiment.