New Indicator says Housing is Healthy, Downturn unlikely

By Jann Swanson

Posted To: MND NewsWire

Nationwide said on Tuesday that the overall housing market is healthier than at any time since 2001 , the earliest point for which data is available and that data suggests there is little reason to fear a national housing downturn over the next year. The insurance and financial services organization unveiled a new housing market indicator , the Leading Index of Health Housing Markets (LIHHM). The indicator’s national score as well as regional readings and breakdowns will be released quarterly in Nationwide’s Health of Housing Markets (HoHM) Report. (As an aside, we wonder if anyone at Nationwide ever pronounced that acronym aloud.) Nationwide calls the LIHHM “a data-driven view of the near-term performance of housing markets based upon current health indicators for the national housing market…(read more)

Via:: New Indicator says Housing is Healthy, Downturn unlikely