United States Nahb Housing Market Index

Last Release

Nov 30, 2025

Actual

Units In

N/A

Frequency

Monthly

Next Release

Dec 15, 2025

Time to Release

25 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.46	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 38 in November 2025, the highest in seven months, from 37 in October, compared to forecasts of 37. Current sales conditions increased two points to 41 and traffic of prospective buyers posted a one-point gain to 26. On the other hand, sales expectations in the next six months fell three points to 51. In a further sign of ongoing challenges for the housing market, 41% of builders reported cutting prices in November, a record high in the post-Covid period and the first time this measure has passed 40%. The average price reduction was 6%, the same rate as in October. The use of sales incentives was 65%, tying the share in September and October.