tea, thanks. Well ... its new to me! I didn't see any historical data fo NAHB. It would be interesting to test it against previous housing busts. I'll check the site again to see if I missed it.
I find it peculiar that the recent drop in long interest rates has had very little effect on overall mortgage activity this go around. Perhaps because everyone is already into IO or ARMs?
CR,
The NAHB housing market index is not new. It has been there since the 1980s at least.
Regards
tea, thanks. Well ... its new to me! I didn't see any historical data fo NAHB. It would be interesting to test it against previous housing busts. I'll check the site again to see if I missed it.
Best Regards!
I find the housing market index to be a lagging indicator of new home sales.
Regards
I find it peculiar that the recent drop in long interest rates has had very little effect on overall mortgage activity this go around. Perhaps because everyone is already into IO or ARMs?
MMMM Look at the house prices now, 2 years on. 2007