United States Nahb Housing Market Index

Last Release

Dec 31, 2024

Actual

Units In

N/A

Frequency

Monthly

Next Release

Jan 16, 2025

Time to Release

28 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.8	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 was unchanged at 46 in December 2024, the same as in November but slightly below forecasts of 47, as high home prices and mortgage rates offset renewed hope about a better regulatory business climate in 2025. The gauge for current sales conditions held steady at 48 while the one charting traffic of prospective buyers posted a one-point decline to 31. On the other hand, future sales expectations have increased to 66, the highest since April 2022, as builders "are also anticipating future regulatory relief in the aftermath of the election", said NAHB Chairman Carl Harris. Meanwhile, 31% of builders cut home prices in December, unchanged from November. The average price reduction was steady at 5%. The use of sales incentives was 60% in December, also unchanged from November.