United States Nahb Housing Market Index

Last Release

Jan 31, 2025

Actual

Units In

N/A

Frequency

Monthly

Next Release

Feb 18, 2025

Time to Release

1 Months 0 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
90 Nov 2020	8 Jan 2009	51.79	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 increased to 47 in January 2025, the highest level in nine months, from 46 in the previous two months and above forecasts of 45. The gauge for current sales conditions rose three points to 51 and the one charting traffic of prospective buyers posted a two-point gain to 33. On the other hand, sales expectations in the next six months fell six points to 60 in part due to the elevated interest rate environment. Meanwhile, 30% of builders cut home prices in January. This share has been stable between 30% and 33% since last July. Also, the average price reduction was 5% in January, the same rate as in December. The use of sales incentives was 61% in January. This share has remained between 60% and 64% since last June.