Tag Archive for ‘hmi’

Builder Confidence Rises in August

Builder confidence in the market for newly constructed single-family homes in August rose two points to 60 from a downwardly revised reading of 58 in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence remains solid in the aftermath of weak GDP reports that were offset by positive job growth in July. Historically low mortgage rates,… Read More ›

Builder Confidence Holds Firm in July

Builder confidence in the market for newly built, single-family homes in July fell one point to 59 from a June reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery. However,… Read More ›

Builder Confidence Rises in June

After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This marks the highest reading since January 2016. Derived from a monthly survey that NAHB has been conducting for 30… Read More ›

The Song Remains the Same: Builder Confidence Flat

Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The May reading marked the fourth straight month of the HMI standing at an index value of 58. While the HMI remains in positive territory, soft economic data for the start… Read More ›

Builder Confidence Unchanged in April

Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders remain cautiously optimistic about housing market growth. NAHB is forecasting faster single-family construction growth for 2016 than the 10% gain recorded in 2015. However, difficulties associated with access to… Read More ›

Builders Hold Steady

Builders’ sentiment remained unchanged in March at 58. The NAHB/Wells Fargo Housing Market Index (HMI) has been between 52 and 65 since July 2015. Any value above 50 means more builders are seeing improvement rather than decline. The component index measuring current sales was also unchanged at 63 and the component measuring expectations was down three points to 61. The… Read More ›

Builders React to Consumer Worries

Builders’ sentiment for February lost 3 points from an upwardly revised January level. The NAHB/Wells Fargo Housing Market Index was 58 in February, still well above the tipping point of 50 and 3 points above last February but down from a recent peak of 65 in October 2015. Builders reported more consumer concern over the price of new homes relative… Read More ›

Builder Confidence Holds Firm in January

Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The January HMI reading is in line with NAHB’s forecast of modest growth for housing. NAHB expects growth in 2016 for the single-family, multifamily, and remodeling sectors… Read More ›

Builders’ Sentiment Steady

Single-family home builders sentiment remained near the same level established in June 2015. The NAHB/Wells Fargo Housing Market Index fell one point to 61 in December. The index has been between 60 and 62 for six of the last seven months with only October rising briefly to 65. The three components mirrored the trend with current sales falling one point… Read More ›

Builders Retrench

Builders’ sentiment dropped back to levels more consistent with the second half of 2015 after an upward bounce in October. The November NAHB/Wells Fargo Housing Market Index dropped three points from an upwardly revised October level to 62. The index has been above 60 since June 2015 and remains well above the tipping point of 50 where more builders see… Read More ›