United States Nahb Housing Market Index

Last Release

Nov 30, 2024

Actual

Units In

N/A

Frequency

Monthly

Next Release

Dec 17, 2024

Time to Release

27 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.81	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 rose to 46 in November, the highest in seven months, from 43 in October, and above forecasts of 44 as builders anticipate that market conditions will continue to improve after the Republicans' victory in both the White House and Congress. “With the elections now in the rearview mirror, builders are expressing increasing confidence that Republicans gaining all the levers of power in Washington will result in significant regulatory relief for the industry that will lead to the construction of more homes and apartments,” said NAHB Chairman Carl Harris. The gauge for current sales conditions rose by 2 points to 49, while sales expectations in the upcoming 6 months went up 7 points to 64. Also, the gauge measuring traffic of prospective buyers posted a 3 point gain to 32. Meanwhile, 31% of builders cut home prices in November, compared to 32% in October. The average price reduction was 5%, slightly below the 6% rate posted in October.