The NAHB/Wells Fargo Housing Market Index in the United States rose by 5 points to 50 in May 2023, easily beating market consensus of 45. This marks the fifth consecutive month of growth and the highest level since July of the previous year, due to strong demand for new construction driven by limited housing supply. However, builders are still facing challenges in meeting this demand due to shortages of building materials like transformers, as well as tightening credit conditions for residential real estate development and construction, influenced by the Federal Reserve's interest rates hikes. The gauge for current single-family home sales was up 5 points to 56, while the home sales over next six months sub-index increased 7 points to 57. In addition, the gauge for prospective buyers rose 2 points to 33. source: National Association of Home Builders

Nahb Housing Market Index in the United States averaged 52.08 points from 1985 until 2023, reaching an all time high of 90.00 points in November of 2020 and a record low of 8.00 points in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nahb Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Nahb Housing Market Index in the United States is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United States Nahb Housing Market Index



Calendar GMT Actual Previous Consensus TEForecast
2023-04-17 02:00 PM Apr 45 44 44 45
2023-05-16 02:00 PM May 50 45 45 45
2023-06-19 02:00 PM Jun 50 47


Related Last Previous Unit Reference
Nahb Housing Market Index 50.00 45.00 points May 2023

United States Nahb Housing Market Index
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.
Actual Previous Highest Lowest Dates Unit Frequency
50.00 45.00 90.00 8.00 1985 - 2023 points Monthly
SA

News Stream
US Homebuilder Sentiment Hits 10-Month High
The NAHB/Wells Fargo Housing Market Index in the United States rose by 5 points to 50 in May 2023, easily beating market consensus of 45. This marks the fifth consecutive month of growth and the highest level since July of the previous year, due to strong demand for new construction driven by limited housing supply. However, builders are still facing challenges in meeting this demand due to shortages of building materials like transformers, as well as tightening credit conditions for residential real estate development and construction, influenced by the Federal Reserve's interest rates hikes. The gauge for current single-family home sales was up 5 points to 56, while the home sales over next six months sub-index increased 7 points to 57. In addition, the gauge for prospective buyers rose 2 points to 33.
2023-05-16
US Homebuilder Sentiment Continues to Improve
The NAHB/Wells Fargo Housing Market index in the US increased for a fourth month to 45 in April of 2023, a fresh high since September of 2022 and beating market forecasts of 44. The gauge for current sales conditions rose to 51 from 49, sales expectations in the next six months increased to 50 from 47, and traffic of prospective buyers was unchanged at 31. "Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing. Nonetheless, the industry continues to be plagued by building material issues, including lack of access to electrical transformer equipment", NAHB Chairman Alicia Huey said.
2023-04-17
US Homebuilder Sentiment Rises for 3rd Month
The NAHB/Wells Fargo Housing Market index in the US increased for a third month to 44 in March of 2023, a new high since September of 2022 and beating market forecasts of 40. The gauge for current sales conditions rose to 49 from an upwardly revised 47, and traffic of prospective buyers edged 3 points higher to 31, hitting a 6-month high. On the other hand, sales expectations in the next six months fell slightly to 47 from 48. “While financial system stress has recently reduced long-term interest rates, which will help housing demand in the coming weeks, the cost and availability of housing inventory remains a critical constraint for prospective home buyers,” Robert Dietz, NAHB chief economist, said.
2023-03-15