NAHB housing market index for October 2022
- NAHB housing market index 38 vs. 46 in September. A move below 50 is considered contractionary
- index of current single family home sales 45 vs. 54 in September
- home sales of the next 6 months 35 vs. 46 in September
- prospective buyers 25 vs. 31 in September
- lowest level since October 2012 with the exception of the spring of 2020 on the outside of the Covid pandemic
Higher mortgage rates adn home prices is keeping buyers on the sidelines.
