Tag Archive for ‘hmi’

Builders Hold Steady

The September NAHB/Wells Fargo Housing Market Index held steady at 58, the same as the one-point downwardly revised August level. The three components moved in different directions. Current sales remained the same at 62; future expectations declined to 65 from 68 in August and traffic rose one point to 47 from an upwardly revised 46. The pause in sentiment in… Read More ›

Builders’ Sentiment Continues Rise

The NAHB/Wells Fargo Housing Market Index for August increased to 59, the highest in almost 8 years as builders continue to see a positive future for home building.  The index ranges from 0 to 100 and 50 is the tipping point where more builders are experiencing a good market than those seeing a poor market.  The overall index has been… Read More ›

Builder Confidence and Housing Starts

The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›

Builder Confidence and Housing Starts

The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›

Builders Continue Optimism

The NAHB/Wells Fargo Housing Market Index rose 6 points to 57, the highest since November 2005 and up 16 points in three months, the largest 3 month positive move since the recovery of 1991. All three subcomponents rose to highs not seen since 2005 or early 2006. Expectations for the next 6 months rose 7 points to 67; current sales rose… Read More ›

Builders’ Index Over 50

The NAHB/Wells Fargo Housing Market index passed the tipping point of 50 in June to top out at 52, the highest level since April 2006 and the largest monthly increase since 2002. The renewed confidence was spread across all three components, with the expectation for the next 6 months rising to 61, the highest in seven years.   The index… Read More ›

Builder Squeeze

The NAHB/Wells Fargo Housing Market Index dropped two points to 42 in April. This is the third monthly decline from a peak of 47 in December and January. Two of the three components pulled the composite index down; the current sales component fell two points to 45 and the normally lower traffic component fell four points to 30. The expectations… Read More ›

Builders Continue Pause

Builders exhibited continued caution in March as the NAHB/Wells Fargo Housing Market Index fell two points to 44. All of the decrease was in the current sales component that declined four points to 47, while expectations for the next six months rose one point to 51 and traffic of prospective buyers rose three points to 35.  The index peaked in… Read More ›

One Point in the HMI Eventually Means 37,000 Jobs

Every month, the NAHB/Wells Fargo Housing Market Index  (HMI) provides an overall measure of builder confidence in the strength of the single-family housing market. Also every month, the U.S.  Bureau of Labor Statistics (BLS) produces estimates of employment in residential construction  (or at least it has since 2001, when it began to split jobs in the various trades into residential… Read More ›