NAHB/Wells Fargo’s July Housing Index Numbers Eclipse June’s All-Time Low
July 29, 2008
Last month, the NAHB (National Association of Home Builders)/Wells Fargo Housing Index reached an all time low of 18. July’s numbers were released last week, and they fell a further to points to 16. Anything north of 50 is considered good; and it is very obvious we’re very far off that mark.
The outlook for the future is also measured, and that figure too saw a decline from last month’s 27 to this month’s 23. The traffic figure, which measures buyer traffic slipped from 16 to 12.
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