According to the National Association of house-building companies of the USA (NAHB), the index of business activity in the US housing market in October increased to 68 points against 64 in the previous month.
Analysts forecasted the index at 64.
The index of business activity in the US housing market, we expect the NAHB represents the results of a survey of managers in the construction sector. This index is used to assess changes in new orders, production volume and performance of suppliers. Figures above 50 points indicate an acceleration in the pace of development of housing construction sector.