United States Nahb Housing Market Index

Last Release

Mar 31, 2025

Actual

Units In

N/A

Frequency

Monthly

Next Release

Apr 16, 2025

Time to Release

28 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.74	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 declined to 39 in March 2025, the lowest in seven months, from 42 in February and below forecasts of 42. Current sales conditions fell three points to 43, sales expectations in the next six months held steady at 47 while traffic of prospective buyers dropped five points to 24. “Builders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages. At the same time, builders are starting to see relief on the regulatory front to bend the rising cost curve, as demonstrated by the Trump administration's pause of the 2021 IECC building code requirement and move to implement the regulatory definition of ‘waters of the United States’ under the Clean Water Act consistent with the U.S. Supreme Court’s Sackett decision”, said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, N.C.