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Housing and Economic Outlook David F. Seiders Chief Economist October 25, 2006. NAHB/Wells Fargo Housing Market Index. 2. Single-Family Building Permits. (000s, SAAR). 3. NAR’s Composite Housing Affordability Index. A value of 100 means that a family with the median income has exactly
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Housing and Economic Outlook David F. Seiders Chief Economist October 25, 2006
Single-Family Building Permits (000s, SAAR) 3
NAR’s Composite Housing Affordability Index A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. 4
Existing Home Sales(Single-Family and Condo) (000s, SAAR, 3 Month Moving Average) 5
Single-Family Inventory(New and Existing) (000s, SAAR, 3 Month Moving Average) 6
Existing Condo/Co-op Inventory (000s, 3 Month Moving Average) 7
Sales Cancellation Rate(New Homes) (%, 3 Month Moving Avg., 30 Companies) 8
Existing Home Prices(Single-Family and Condo) (Median, Yr-Yr % Change, 3 Month Moving Average) 9
Fed Funds Rate Target Percent 10
Home Mortgage Rates Percent Fixed-Rate Mortgages Adjustable Rate Mortgages 11
House Price Index:Nominal Versus Real (Overall Index -- Year-to-Year % Chg.) Nominal Real 12
Single-Family Housing Starts (Thousands of Units, SAAR) 13
Multifamily Housing Starts (Thousands of Units, SAAR) 14
Manufactured Home Shipments (Thousands of Units, SAAR) 15
Residential Remodeling (Billions $2000) 16
Residential Fixed Investment (Billions 2000 $, SAAR) 17