{"id":199237,"date":"2010-01-19T14:31:00","date_gmt":"2010-01-19T19:31:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/homebuilders-index-slips-again-in-january-confirming-the-housing-double-dip-2010-1"},"modified":"2010-01-19T14:31:00","modified_gmt":"2010-01-19T19:31:00","slug":"homebuilders-index-slips-again-in-january-confirming-the-housing-double-dip","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/199237","title":{"rendered":"Homebuilders Index Slips Again In January, Confirming The Housing Double Dip"},"content":{"rendered":"<p>Yet another sign that the housing recovery won&#8217;t be V-shaped (and might even be double-dipping) comes to us courtesy of the <a href=\"http:\/\/www.nahb.org\/generic.aspx?sectionID=134&amp;genericContentID=529\">National Association of Home Builders<\/a>.<\/p>\n<p>The reading of 15 in January is below the 16 in December and 17 in November. This isn&#8217;t particularly surprising. Considering the monster housing hangover, it stands to reason that even if things come back a bit, it will be a long, long time before it trickles into steady business for the homebuilders.<\/p>\n<p>The following chart comes from <a href=\"http:\/\/www.calculatedriskblog.com\/2010\/01\/nahb-builder-confidence-declines-in.html\">Calculated Risk<\/a>, which notes:<\/p>\n<p style=\"padding-left: 30px;\">The housing market index (HMI) was at 15 in January. This is a decrease from 16 in December and 17 in November<\/p>\n<p>The record low was 8 set in January. This is still very low &#8211; and this is what I&#8217;ve expected &#8211; a long period of builder depression. The HMI has been in the 15 to 19 range since May.<\/p>\n<p>Note: any number under 50 indicates that more builders view sales conditions as poor than good.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b56081900000000007d8908-588-411\/nahb.jpg\" border=\"0\" alt=\"NAHB\" width=\"588\" height=\"411\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/homebuilders-index-slips-again-in-january-confirming-the-housing-double-dip-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/the-evidence-piles-up-the-housing-is-double-dipping-2010-1\">The Evidence Piles Up That Housing Is Double Dipping<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/business-news\/jan-13-zillow1-2010-1\">Zillow Still Attracts Advertisers Despite The Tough Housing Market<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-rosenber-uh-oh-its-a-double-dip-in-housing-2010-1\">David Rosenberg: &quot;Uh-Oh&quot; It&#8217;s A Double Dip In Housing<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/XNdpy03dT8I\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yet another sign that the housing recovery won&#8217;t be V-shaped (and might even be double-dipping) comes to us courtesy of the National Association of Home Builders. The reading of 15 in January is below the 16 in December and 17 in November. This isn&#8217;t particularly surprising. Considering the monster housing hangover, it stands to reason [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-199237","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/199237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=199237"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/199237\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=199237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=199237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=199237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}