The recent rise in the housing market certainly has its benefits! Not only for buyers and realtors, but for those in the moving industry as well! The National Association of Home Builders (NAHB) has kept a very close watch on the housing market since 1985, using a chart called, “Housing Market Index” (HMI), which shows how builders view sales, as well as expectations for the duration of 6 month intervals for the housing industry, based upon a survey of ratings ranging from, “Bad”, “Fair”, and “Good”. If the number is rated over 50, builders are perceiving conditions as good, and certainly not bad!
It is interesting to look at the charts vast fluctuations over the course of these past years. Showing the highs and lows, namely the lows of the 2009, when the ratings dropped to single digits… for the first time in the charts history. The chart maintained itself at fairly low numbers, without straying very far from the teens through the end of 2011. The HMI rose to above 50 (57 to be precise!) for the first time since January of 2006, in this past year. In fact, in the same month, HMI notes that there were 1.8 billion housing starts within the month alone. Which gives virtually every aspect of the moving and real estate business something to get very excited about!
We can only keep our fingers crossed that things in the housing market continue to rise, it can only prove better and definitely not worse (at least not as bad as we saw in 2009)! To see the full HMI chart with every year beginning in 1985 and ending in the present month, please visit the National Association of Home Builders at: www.nahb.org and click on the Housing Data link for all the information.
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