The Wells Fargo/NAHB Housing Market Indicator (HMI) is the first monthly housing market indicator released each month. Better yet, the HMI is a good leading indicator of Housing Starts and of the Case Schiller home price indices.
On Monday, the HMI was reported at a 58 level, repeating April's release. While 58 is nowhere near the highs reached during the Housing Boom, 58 does reflect a fairly healthy housing market.
On Monday, the HMI was reported at a 58 level, repeating April's release. While 58 is nowhere near the highs reached during the Housing Boom, 58 does reflect a fairly healthy housing market.
Kevin Spires, CFA, FRM
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