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United States Nahb Housing Market Index

Last Release
Jun 30, 2024
Actual
43
Units In
N/A
Previous
45
Frequency
Monthly
Next Release
Jul 16, 2024
Time to Release
26 Days 5 Hours
Highest
Lowest
Average
Date Range
Source
90
Nov 2020
8
Jan 2009
51.911985-2024National 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 fell to 43 in June 2024 from 45 in May, below market expectations of 45. It was the lowest reading since December 2023, attributed to mortgage rates remaining around 7% and elevated construction financing costs. The gauge for current sales conditions fell three points to 48, the component measuring sales expectations in the next six months fell four points to 47 and the gauge charting traffic of prospective buyers declined two points to 28. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan. “Home builders are also dealing with higher rates for construction and development loans, chronic labor shortages and a dearth of buildable lots.”

United States Nahb Housing Market Index History

Last 12 readings

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