Tag Archive for ‘hmi’

Builder Confidence Surpasses Key Benchmark in July

Builder confidence in the market for newly-built single-family homes rose four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor. The July reading marks the first time since January that the index has been above a level of… Read More ›

Builders Sentiment Recovers

The NAHB/Wells Fargo Housing Market Index for June rose four points to 49, just shy of the 50 mark indicating at least as much optimism as pessimism among single-family home builders. The index dipped 10 points to 46 in February from a sustained above-50 mark for 8 months and remained near there for 4 months. Builders are beginning to see… Read More ›

Builder Sentiment Steady

The April NAHB/Wells Fargo Housing Market Index rose one point from a one-point downwardly revised March to 47. This is the third consecutive month with the index below 50, the point where more builders see the market improving rather than getting poorer. Two of the three components of the index remained unchanged; the current sales index was at 51, the same as… Read More ›

Builders’ Confidence Remains Same

The March NAHB/Wells Fargo Housing Market Index held roughly the same at 47, which is up one point from the unrevised February level of 46. The past two months have the same message: unusually cold and wet weather over much of the US combined with increasing concern among builders that the supply chain cannot keep up with the expected spring… Read More ›

Builders’ Sentiment Drops

The February NAHB/ Wells Fargo Housing Market Index fell 10 points to 46 from the January level. The decline is the largest in the 30 year history of the index. The next largest monthly drop was October 2001 at 9 points. The February index is below the tipping point of 50 where more builders rate the market as good rather… Read More ›

Builders Sentiment Holds Steady

The January NAHB/Wells Fargo Housing Market Index dropped one point from a one-point downwardly revised December level to 56. This is the eighth consecutive month above 50, the point where more builders rate the market good rather than poor. The December index, originally reported at 58, matched the recent high in August before the mortgage rate spike and the federal… Read More ›

Builders Confidence Grows

The December NAHB/Wells Fargo Housing Market Index rose four points to 58 as builders recovered from hesitancies in October and November. The increase puts the index back up to the peak it reached in August before the rise in mortgage rates and the uncertainty caused by the debt and deficit debate cooled confidence. This December index is 37 points above… Read More ›

Builders Hold Steady in November

The November NAHB/Wells Fargo Housing Market Index held steady at 54 from a one-point downwardly revised October level. The index has remained above 50 for six consecutive months, the first time since early 2006. Of the three components, current sales remained unchanged at 58, expectations for future sales declined one point from a one-point downwardly revised figure and rests now… Read More ›

Builders Absorb Consumer Concerns

The October NAHB/Wells Fargo Housing Market Index fell two points to 55 from a one-point downwardly revised September level of 57. The decline was broad based with a two-point fall in all three components: current sales from 60 to 58, expected future sales from 64 to 62 and traffic from 46 to 44. The index has remained above the tipping… Read More ›