New Indicator says Housing is Healthy, Downturn unlikely

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)
(As an aside, we wonder if anyone at Nationwide ever pronounced that
acronym aloud.)   

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