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. source: National Association of Home Builders
Nahb Housing Market Index in the United States averaged 52.10 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 March of 2023.
Nahb Housing Market Index in the United States is expected to be 40.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.