NAHB Housing Market Index Coming At 10 a.m. EST

The National Association of Home Builders will release its monthly Housing Market Index at 10 a.m. EST. The index measures the relative levels of current and future single-family home sales, using survey data from about 900 American home builders. A rating of above 50 signals a favorable outlook on the housing market while a rating of below 50 indicates a negative outlook. The index has stayed above 50 for the past four months, as the real estate market has been generally healthy in 2015. Last month's figure came in at 54, slightly lower than an expected rating of 57. Experts' expectations for this month's index sit at a consensus of 56.