Tag Archive for ‘hmi’

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 ›

Builders Pause

The NAHB/Wells Fargo Housing Market Index (HMI) continued its pause in February with an index value of 46, down one point from the December and January level of 47. Builders remain just shy of the 50 mark where a majority of builders are optimistic versus those that are not. Nevertheless, the index was rising consistently from April to December 2012… Read More ›

Builders Hold Steady in January

The first indicator of builders’ sentiment for 2013 held steady at 47, the same level as December 2012. The three subcomponents of the NAHB/Wells Fargo Housing Market Index changed in every direction possible; the current sales index remained the same at 51, the index for future sales fell one point to 49, and the index for traffic rose one point… Read More ›

Builders’ Sentiment Up Again

The NAHB/Wells Fargo Housing Market Index rose for its eighth straight month to 47, a two-point increase from the revised November level of 45. Both sales component indexes, present and expected, are above the 50 tipping point where more builders see a better market than see a poorer market. The December index is at the highest level since April 2006…. Read More ›

Year over Year, Confidence in the 55+ Housing Market Continues to Improve

Once again, builder confidence in the 55+ housing market showed significant improvement, according to NAHB’s 55+ Housing Market Indices (55+ HMIs) for the third quarter of 2012.  The  55+ HMIs and their components are based on survey questions that ask builders if market conditions are good, fair, or poor (high/very high, about average, or low/very low for the questions on traffic). … Read More ›