United States Nahb Housing Market Index

Last Release

Jul 31, 2025

Actual

Units In

N/A

Frequency

Monthly

Next Release

Aug 18, 2025

Time to Release

30 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.6	1985-2025	National Association of Home Builders

NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of home builders. They are asked to rate current sales of single-family homes and sales expectations for the next six months and to rate traffic of prospective buyers. Scores for responses to each component are used to calculate a seasonally adjusted overall index, where a number over 50 indicates more builders view sales conditions as good than poor.

Latest Updates

The NAHB/Wells Fargo Housing Market Index in the US edged up to 33 in July 2025 from 32 in June which was the lowest reading since December 2022, matching market expectations. “The passage of the One Big Beautiful Bill Act provided a number of important wins for households, home builders and small businesses. While this new law should provide economic momentum after a disappointing spring, the housing sector has weakened in 2025 due to poor affordability conditions, particularly from elevated interest rates”, said NAHB Chairman Buddy Hughes. Indeed, 38% of builders reported cutting prices in July, the highest percentage since NAHB began tracking this figure on a monthly basis in 2022. Meanwhile, the current sales conditions rose one point to 36, and sales expectations for the next six months increased three points to 43. On the other hand, traffic of prospective buyers fell one point to 20.