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Finance Dictionary and Glossary of Investment Terms
Housing Market Index
Definition 1.
An index of several hundred home builders that measures demand for new homes. Values from the index range from 0 to 100, with 50 indicating an average demand for new homes. This index is an important indicator of the housing market, which is itself an important indicator of the overall economy.
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Definition 2.
An index of over 300 home builders, it shows the demand for new homes. The index runs between 0 - 100, so a rating of 50 means that demand for new homes is average.
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