Good signs for housing market in December

The housing market?showed continued improvement in December with the National Association of Home Builders' latest Housing Market Index rising to 47.

By SoldAtTheTop,?Guest blogger / December 18, 2012

This graph shows the National Association of Home Builders' Housing Market Index since 1992. Conditions still remain fairly distressed by historic standards, according to SoldAtTheTop.

SoldAtTheTop

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Today, the?National Association of Home Builders?(NAHB) released their?latest Housing Market Index (HMI)?showing continued improvement in December with the composite HMI index rising to 47 while the "buyer traffic" index improved to 36, a level not seen since early 2006.

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.?

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/jo54vFz2I2A/Good-signs-for-housing-market-in-December

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