2019 Economic Calendar
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Housing Market Index  
Released On 1/16/2019 10:00:00 AM For Jan, 2019
 PriorConsensusConsensus RangeActual
Index56 57 54  to 58 58 
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Only a very limited rebound is expected for January's housing market index where the call is 57 following December's 4-point loss to 56. The sudden plunge in this index began in November with an 8-point rout to 60.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
The housing market index is a monthly composite that tracks home builder assessments of present and future sales as well as buyer traffic. The index is a weighted average of separate diffusion indexes: present sales of new homes, sales of new homes expected in the next six months, and traffic of prospective buyers of new homes. Why Investors Care

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