US Economic Indicators: New Home Sales & Housing Market Index ember 27, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box
Table Of Contents Table Of Contents New Home Sales 1 Housing Market Index 2-3 NAHB & S&P 5 Homebuilding 4 ember 27, 217 / New Home Sales & Housing Market Index
15 14 13 12 11 1 9 8 7 6 5 4 3 2 6 5 Figure 1. NEW HOME SALES (thousand units, saar) 7 72 74 76 78 8 82 84 86 88 9 92 94 96 98 2 4 6 8 1 12 14 16 18 2 NEW HOMES FOR SALE (thousand units, sa) New Home Sales 15 14 13 12 11 1 9 8 7 6 5 4 3 2 6 5 4 4 3 3 2 2 1 14 13 12 11 1 9 8 7 6 5 4 3 7 72 74 76 78 8 82 84 86 88 9 92 94 96 98 2 4 6 8 1 12 14 16 18 2 RATIO OF NEW HOMES FOR SALE TO NEW HOMES SOLD (months supply) 7 72 74 76 78 8 82 84 86 88 9 92 94 96 98 2 4 6 8 1 12 14 16 18 2 Source: US Department of Commerce, Bureau of the Census. 1 14 13 12 11 1 9 8 7 6 5 4 3 Page 1 / ember 27, 217 / New Home Sales & Housing Market Index
Housing Market Index 9 8 Figure 2. NAHB HOUSING MARKET INDEX & SINGLE-FAMILY HOUSING STARTS 2 175 7 6 15 5 125 4 3 2 1 Housing Market Index Single-Family Housing Starts (thousand units, saar) 1 75 5 1 9 8 7 6 5 4 3 2 1 7 6 95 96 97 98 99 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2 NAHB HOUSING MARKET INDEX COMPONENTS Current Single-Family Sales Index Future Single-Family Sales Index 9 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2 NAHB HOUSING MARKET INDEX COMPONENTS 25 1 9 8 7 6 5 4 3 2 1 7 6 5 5 4 4 3 2 Traffic of Prospective Home Buyers 3 2 1 9 91 92 93 94 95 96 97 98 99 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 17 18 19 2 Source: National Association of Home Builders and Commerce Department. 1 Page 2 / ember 27, 217 / New Home Sales & Housing Market Index
9 8 7 6 5 4 3 2 1 9 8 7 6 5 4 3 2 1 8 Housing Market Index Figure 3. NAHB HOUSING MARKET INDEX Northeast 25 26 27 28 29 21 211 212 213 214 215 216 217 218 South 25 26 27 28 29 21 211 212 213 214 215 216 217 218 9 8 7 6 5 4 3 2 1 9 8 7 6 5 4 3 2 1 8 6 6 4 Midwest 4 2 2 1 25 26 27 28 29 21 211 212 213 214 215 216 217 218 1 8 6 4 West 8 6 4 2 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: National Association of Home Builders and Commerce Department. 2 Page 3 / ember 27, 217 / New Home Sales & Housing Market Index
8 Figure 4. NAHB & S&P 5 Homebuilding NAHB INDEX & S&P 5 HOMEBUILDING 14 7 12 6 11/24 1 5 4 3 NAHB Index S&P 5 Homebuilding Index 8 6 2 4 1 2 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 Source: Standard & Poor s and National Association of Home Builders. Page 4 / ember 27, 217 / New Home Sales & Housing Market Index
Copyright (c) 217. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on, blog., http://blog. and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, email or website are proprietary to and constitute valuable intellectual property. No material from any part of, blog., http://blog. and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any email and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s emails, website, blog and Apps. Additional information available on request. requests@