Eye On Housing
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 ›
Tag Archive for ‘hmi’
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 ›
Housing Starts vs Builder Sentiment – Some Perspective
Are home builders more confident than they should be? There has been some discussion suggesting that the relationship between the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and single family housing starts is broken, or at least strained lately. Let’s take a look. The HMI and starts track together well, no question. But they don’t move in… Read More ›
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 ›