Housing Index Sends Mixed Signals

The National Association of Home Builder’s Housing Market Index reports an 11-year low.
So are things really that bad? At the current rate, sales are shaping up to be the third-best on record nationally.

The share of new homes sold before completion is still at a historically high 74 percent.

As long as new home inventories continue to decline, prices on local homes are expected to continue to rise through the summer months.