United States Nahb Housing Market Index

Last Release

Jul 31, 2024

Actual

Units In

N/A

Frequency

Monthly

Next Release

Aug 15, 2024

Time to Release

29 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.89	1985-2024	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 eased by one point from the previous month to 42 in July of 2024, the lowest in the current year, and below market expectations of 44. The decline in housebuilders’ sentiment took place amid the expectations that interest rates would remain higher for longer, pressuring both mortgage demand and business conditions for constructors and their necessary development loans. The gauge measuring present sales conditions fell by one point to 47 and the traffic of prospective buyers fell by one point to 27. On the other hand, expected sales in the next six months edged higher by one point to 48. Also, a larger portion of builders noted that they will cut home prices to sup