| Housing Market Index - HMI |
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An
index of over 300 home builders that gives the latest demand for new
homes. The index runs between 0 - 100, thus a rating of 50 means that
demand for new homes are average.
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This
index is used in conjunction with the latest "housing starts"
figure to forecast demand for new homes which in turn is used as an
indicator of economic growth. |
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Dictionary
