<div id="readability-page-1"><ul><li>Prior month 34</li><li>NAHB housing index rises 3 to 37 vs 34 estimate</li><li>Sales conditions rose by +3 to 40</li><li>Buyer Traffic was also up +3 to 25</li><li>Sales expectations rose +3 to 45.</li></ul><p>Levels below the 50 level are still considered contractionary despite the gains on the month and values better than expectations.</p></div>

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<p>The NAHB housing market index for May increased to 37, surpassing the 34 estimate and up from 34 in the prior month. Sales conditions improved by 3 points to 40, buyer traffic rose by 3 to 25, and sales expectations also increased by 3 to 45. However, levels below 50 are still viewed as contractionary despite the monthly gains.</p>

- The NAHB housing index rose by 3 to 37 last month, surpassing the estimated 34.  
- Sales conditions increased by 3 to 40, while buyer traffic also rose by 3 to 25, and sales expectations went up by 3 to 45.  
- Despite these gains and better-than-expected numbers, the index remains below 50, indicating contraction.

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NAHB housing market Index for May 37 versus 34 estimate