by Wed, 15 Dec 2010 16:08:00 +0100
US: NAHB Housing Market Index holds steady at 16
FXstreet.com (Barcelona) - As was predicted, the US housing market index remained unchanged at 16 over the month of December. The figure has steadily improved over the fall, helping to instill slight confidence in a recovery within the sector.
NAHB Housing Market Index is released by the National Association of Home Builders. It presents home sales and expected home buildings in the future indicating housing market trend in the United States. The growth rate of the housing market affects the USD volatility. Normally, a high reading is seen as positive (or bullish) for the USD, whereas a low reading is seen as negative (or bearish).
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