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.

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United States Nahb Housing Market Index



Calendar GMT Actual Previous Consensus TEForecast
2023-02-15 03:00 PM Feb 42 35 37 38
2023-03-15 02:00 PM Mar 44 42 40 40
2023-04-17 02:00 PM Apr 44


Related Last Previous Unit Reference
Nahb Housing Market Index 44.00 42.00 points Mar 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
44.00 42.00 90.00 8.00 1985 - 2023 points Monthly
SA

News Stream
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
US Homebuilder Sentiment Rises to 5-Month High
The NAHB/Wells Fargo Housing Market index in the US increased for a second month to 42 in February of 2023, the highest since September and beating market forecasts of 37. It is also the biggest monthly gain in nearly a decade excluding the rebound after 2020 COVID-19 lockdowns. The gauge for current sales conditions rose to 46 from 40, sales expectations in the next six months went up to 48 from 37, and traffic of prospective buyers edged 6 points higher to 29. “Even as the Federal Reserve continues to tighten monetary policy conditions, forecasts indicate that the housing market has passed peak mortgage rates for this cycle. And while we expect ongoing volatility for mortgage rates and housing costs, the building market should be able to achieve stability in the coming months, followed by a rebound back to trend home construction levels later in 2023 and the beginning of 2024”, said NAHB chief economist Robert Dietz.
2023-02-15
US Homebuilder Sentiment Unexpectedly Rises
The NAHB housing market index in the US increased to 35 in January of 2023 from 31 in December of 2022, which was a fresh low since 2012 excluding the immediate onset of the pandemic. It is the first rise in the index since December of 2021, beating market forecasts of 31. The gauge for current sales conditions rose to 40 from 36, sales expectations in the next six months went up to 37 from 35, and traffic of prospective buyers edged 3 points higher to 23. "It appears the low point for builder sentiment in this cycle was registered in December, even as many builders continue to use a variety of incentives, including price reductions, to bolster sales. The rise in builder sentiment also means that cycle lows for permits and starts are likely near, and a rebound for home building could be underway later in 2023", ” said NAHB Chairman Jerry Konter.
2023-01-18