Posts Tagged ‘ Housing Market Index ’

Builder Confidence Solid in June Amidst Growing Economic Uncertainty

Jun 18th, 2019

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the newly-built single-family homes market fell two points to in June. Sentiment levels have held at a solid range in the low- to mid-60s for the past five months. The HMI level in May 2019 (66) was the […]

Struggle Continues for Builders Despite Rising Affordability

May 17th, 2019

According to the Housing Opportunity Index (HOI) released by the National Association of Home Builders (NAHB) and Wells Fargo last week, housing affordability increased during the first quarter of 2019 due to decreasing mortgage rates, lower home prices and rising wages. With those improvements, however, comes additional challenges, said NAHB chairman Greg Ugalde. “While the […]

Builder Confidence Continues to Drop

Dec 18th, 2018

New data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly-built single-family homes fell four points to 56 in December. This is the lowest HMI reading since May 2015, NAHB reports, but the number still remains above 50, which indicates that the […]

Builder Confidence Moves Down One Point

Aug 16th, 2018

As of August, builder confidence in the market for newly-built single-family homes moved down one point to 67 according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). However, despite the decrease, builders should not be too concerned. NAHB Chairmen Randy Noel, also a custom home builder, states, “The good news […]

Builder Confidence Down Slightly in January

Jan 20th, 2015

Though still high, builder confidence in the market for newly-built, single-family homes declined one point to 57, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marks the third straight month that the index has hovered in the upper 50s range. “January’s HMI reading is in […]

Builder Confidence at Highest Point Since November of 2005

Sep 18th, 2014

Builder confidence in the market for newly built, single-family homes rose for the fourth month in a row in September to a level of 59 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005. “While a […]

Single-Family Home Builders’ Confidence Up in July

Jul 17th, 2014

Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “An improving job market goes hand-in-hand with a rise in builder confidence,” says NAHB chief economist David Crowe. […]

Builder Confidence Rises Four Points in December

Dec 17th, 2013

Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for December. This gain reflected improvement in all three index components—current sales conditions, sales expectations and traffic of prospective buyers. “The recent spike in mortgage […]