- Prior month 47
- NAHB housing market index 42 versus 47 estimate
- Current single-family home sales 46 versus 50 in January (revised from 51)
- Index of prospective buyers 29 versus revised 32 in January (was previously 33)
- Sales expectations in the next six months plunged -13 points to 46
The latest HMI survey also revealed that
- 26% of builders cut home prices in February, down from 30% in January and the lowest share since May 2024.
- The average price reduction was 5% in February, the same rate as the previous month.
- The use of sales incentives was 59% in February, down from 61% in January.
This article was written by Greg Michalowski at www.forexlive.com.
