Research >> Economics

Category: Research - Topic: Economics - NAHB INDEX


NAHB Builder Confidence rose 3 points to 83 in November 2021
Posted: November 16, 2021 at 10:00 AM (Tuesday)

Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent. Builder sentiment in the market for newly built single-family homes moved three points higher ...


NAHB Builder Confidence rose 4 points to 80 in October 2021
Posted: October 18, 2021 at 10:00 AM (Monday)

Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages. Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells ...


NAHB Builder Confidence inched up 1 point to 76 in September 2021
Posted: September 20, 2021 at 10:00 AM (Monday)

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in ...


NAHB Builder Confidence fell 5 points to 75 in August 2021
Posted: August 17, 2021 at 10:00 AM (Tuesday)

Builder sentiment in the market for newly-built single-family homes fell five points to 75 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is at its lowest point since July 2020.

Higher construction costs and supply shortages have led to significant price growth, which in turn has caused prospective buyers to experience sticker shock. The decline in the buyer traffic index to its lowest level since July 2020 is evidence that supply-side constraints ...


NAHB Builder Confidence fell one point to 80 in July 2021
Posted: July 19, 2021 at 10:00 AM (Monday)

Strong buyer demand helped to offset ongoing supply-side challenges of labor shortages, regulatory costs, and rising prices of materials as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according the National Association of Home Builders (NAHB)/Wells Fargo Housing Market ...


NAHB Builder Confidence fell two points to 81 in June 2021
Posted: June 15, 2021 at 10:00 AM (Tuesday)

Rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes fell two points to 81 in ...


NAHB Builder Confidence held stable at 83 in May 2021
Posted: May 17, 2021 at 10:00 AM (Monday)

Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber. The latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes is 83 in May, unchanged ...


NAHB Builder Confidence rose one point to 83 in April 2021
Posted: April 15, 2021 at 10:00 AM (Thursday)

Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the ...


NAHB Builder Confidence fell two points to 82 in March
Posted: March 16, 2021 at 10:00 AM (Tuesday)

Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes ...


NAHB Builder Confidence inched up one point to 84 in February
Posted: February 17, 2021 at 10:00 AM (Wednesday)

Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) ...


NAHB Builder Confidence slipped 3 points to 83 in January
Posted: January 20, 2021 at 10:00 AM (Wednesday)

Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Despite the ...


NAHB Builder Confidence fell four points to 86 in December
Posted: December 16, 2020 at 10:00 AM (Wednesday)

Ending a string of three successive months of record highs, builder confidence in the market for newly built single-family homes fell four points to 86 in December, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). Despite the decline, December is still the second-highest reading in the history of the series after last ...


NAHB Builder Confidence increased 5 points to 90 in November
Posted: November 17, 2020 at 10:00 AM (Tuesday)

In another sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased five points to 90 in November, shattering the previous all-time of 85 recorded in October, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Builder confidence ...


NAHB Builder Confidence increased 2 points to 85 in October
Posted: October 19, 2020 at 10:00 AM (Monday)

In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. These are the first ...


NAHB Builder Confidence increased 5 points to 83 in September
Posted: September 16, 2020 at 10:00 AM (Wednesday)

In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The previous highest reading of 78 in the 35-year history of ...


NAHB Builder Confidence increased 6 points to 78 in August
Posted: August 17, 2020 at 10:00 AM (Monday)

In a sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased six points to 78 in August, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The HMI now stands at its highest reading in the 35-year history of the series, matching ...


NAHB Builder Confidence jumped 14 points to 72 in July
Posted: July 16, 2020 at 10:00 AM (Thursday)

In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI now stands at the solid pre-pandemic ...


NAHB Builder Confidence jumped 21 points to 58 in June
Posted: June 16, 2020 at 10:00 AM (Tuesday)

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading above 50 indicates a ...


NAHB Builder Confidence increased 7 points to 37 in May
Posted: May 18, 2020 at 10:00 AM (Monday)

In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes increased seven points to 37 in May, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The rise in ...


NAHB Builder Confidence plunged 42 points to 30 in April
Posted: April 15, 2020 at 10:00 AM (Wednesday)

Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The decline in April was the largest single monthly change in the history of the index and marks ...


NAHB Builder Confidence fell two points to 72 in March
Posted: March 17, 2020 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes fell two points to 72 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels have held in a firm range in the low- to mid-70s for the past ...


NAHB Builder Confidence edged one point lower to 74 in February
Posted: February 18, 2020 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes edged one point lower to 74 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The last three monthly readings mark the highest sentiment levels since ...


NAHB Builder Confidence edged one point lower to 75 in January
Posted: January 16, 2020 at 10:00 AM (Thursday)

Builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The last two monthly readings mark the highest sentiment levels since July of 1999. Low interest rates and a healthy labor market ...


NAHB Builder Confidence increased five points to 76 in December
Posted: December 16, 2019 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since June ...


NAHB Builder Confidence edged one point lower to 70 in November
Posted: November 18, 2019 at 10:00 AM (Monday)

Builder confidence in the market for newly built single-family homes edged one point lower to 70 in November, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The past two months mark the highest sentiment levels in 2019.

“Single-family builders are currently reporting ongoing positive conditions, spurred in part by low mortgage rates and continued job growth,” said NAHB Chairman Greg Ugalde. “In a further sign of solid demand, this is the fourth consecutive month where at least half of all ...


NAHB Builder Confidence rose three points to 71 in October
Posted: October 16, 2019 at 10:00 AM (Wednesday)

Builder confidence in the market for newly-built single-family homes rose three points to 71 in October, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels are at their highest point since ...


NAHB Builder Confidence rose one point to 68 in September
Posted: September 17, 2019 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose one point to 68 in September from an upwardly revised August reading of 67, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the mid- to upper 60s since May and September’s reading matches the highest ...


NAHB Builder Confidence rose one point to 66 in August
Posted: August 15, 2019 at 10:00 AM (Thursday)

Builder confidence in the market for newly-built single-family homes rose one point to 66 in August, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held at a solid 64-to-66 level for the past four months.

“Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots,” said NAHB Chairman Greg Ugalde. ...


NAHB Builder Confidence rose one point to 65 in July
Posted: July 16, 2019 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose one point to 65 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- ...


NAHB Builder Confidence fell 2 points to 64 in June
Posted: June 17, 2019 at 10:01 AM (Monday)

Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held at a solid range in the low- to mid-60s for the past ...


NAHB Builder Confidence rose 3 points to 66 in May
Posted: May 15, 2019 at 10:00 AM (Wednesday)

Builder confidence in the market for newly built single-family homes rose three points to 66 in May, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Builder sentiment is at its highest level since October 2018.

“Builders are busy catching up after a wet winter, and many characterize sales as solid, driven by improved demand and ongoing low overall supply,” said NAHB Chairman Greg Ugalde. “However, affordability challenges persist and remain a big impediment to stronger sales.” ...


Builder Confidence rose 1 point to 63 in April
Posted: April 16, 2019 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the low 60s for the past three months.

“Builders report solid demand for new single-family homes but they are also grappling with affordability concerns stemming from a chronic shortage of construction workers and buildable lots,” said NAHB Chairman Greg Ugalde. ...


Builder Confidence Holds Steady at 62 in March
Posted: March 18, 2019 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.

“Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season,” said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn. ...


Builder Confidence rose 4 points to 62 in February
Posted: February 19, 2019 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose four points to 62 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today in Las Vegas during the 75th annual International Builders’ Show.

“Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment,” said NAHB Chairman Randy Noel. “In the aftermath of the fall slowdown, many builders are reporting positive expectations for the ...


Builder Confidence rose two points to 58 in January
Posted: January 16, 2019 at 10:00 AM (Wednesday)

Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

“The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Low unemployment, solid job growth and favorable demographics should support housing demand in the coming ...


Builder Confidence fell four points to 56 in December
Posted: December 17, 2018 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI reading since May 2015, builder sentiment remains in ...


Builder Confidence falls eight points to 60 in November
Posted: November 19, 2018 at 10:00 AM (Monday)

Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the sharp drop, builder sentiment still remains in ...


Builder Confidence rose one point to 68 in October
Posted: October 16, 2018 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the NAHB/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June.

“Builders are motivated by solid housing demand, fueled by a growing economy and a generational low for unemployment,” said NAHB Chairman Randy Noel. “Builders are also relieved that lumber prices have declined for three straight months from elevated levels earlier this ...


Builder Confidence remained unchanged at 67 in September
Posted: September 18, 2018 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 67 reading in September on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

“Despite rising affordability concerns, builders continue to report firm demand for housing, especially as millennials and other newcomers enter the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “The recent decline in lumber prices from ...


Builder Confidence edged down to 67 in August
Posted: August 15, 2018 at 10:00 AM (Wednesday)

Builder confidence in the market for newly built single-family homes edged down one point to a solid 67 reading in August on the NAHB/Wells Fargo Housing Market Index.

“The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” said NAHB chairman Randy Noel. “However, they are increasingly focused on growing affordability concerns, ...


Builder Confidence remained unchanged at 68 in July
Posted: July 17, 2018 at 10:00 AM (Tuesday)

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index (HMI).

“Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country,” said NAHB Chairman Randy Noel. ...


Builder Confidence fell 2 points to 68 in June
Posted: June 18, 2018 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline was due in large part to sharply elevated lumber prices, although sentiment remains on ...


Builder Confidence rose 2 points to 70 in May
Posted: May 15, 2018 at 10:00 AM (Tuesday)

Builder confidence in the market for newly built single-family homes rose two points to 70 in May after a downwardly revised April reading on the NAHB/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this year.

“The solid May report shows that builders are buoyed by growing consumer demand for single-family homes,” said NAHB Chairman Randy Noel. “However, the record high cost of lumber is hurting builders’ bottom lines and making it more difficult to produce competitively priced ...


Builder Confidence slips 1 point to 69 in April
Posted: April 16, 2018 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm ground.

“Strong demand for housing is keeping builders optimistic about future market conditions,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “However, builders are facing supply-side constraints, such as a lack of buildable lots and increasing ...


Builder Confidence edged down 1 point to 70 in March
Posted: March 15, 2018 at 10:00 AM (Thursday)

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains in ...


Builder Confidence unchanged at 72 in February
Posted: February 15, 2018 at 10:00 AM (Thursday)

Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy level of 72 in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Demand conditions are positive, but supply-side construction hurdles need to be managed, as scarce labor and building material ...


Builder Confidence dropped 2 points to 72 in January
Posted: January 17, 2018 at 10:00 AM (Wednesday)

Builder confidence in the market for newly-built single-family homes dropped two points to a level of 72 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after reaching an 18-year high in December 2017.

“Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Our members are excited about the year ahead, even as they continue to ...


Builder Confidence Rose 5 points to 74 in December
Posted: December 18, 2017 at 10:00 AM (Monday)

Builder confidence in the market for newly-built single-family homes increased five points to a level of 74 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after a downwardly revised November reading. This was the highest report since July 1999, over 18 ...


Builder Confidence Rose 2 points to 68 in November
Posted: November 16, 2017 at 10:00 AM (Thursday)

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July ...


Builder Confidence Rises 4 points to 68 in October
Posted: October 17, 2017 at 10:00 AM (Tuesday)

Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.

“This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “However, builders need to be mindful of long-term repercussions from the ...



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