NAHB housing market Index for May 37 versus 34 estimate
- Prior month 34
- NAHB housing index rises 3 to 37 vs 34 estimate
- Sales conditions rose by +3 to 40
- Buyer Traffic was also up +3 to 25
- Sales expectations rose +3 to 45.
Levels below the 50 level are still considered contractionary despite the gains on the month and values better than expectations.
This article was written by Greg Michalowski at investinglive.com.