Tag: Housing Market Index

Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

Filed in Economics, Trends by on April 15, 2021 36 Comments
Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes rose one point to 83 in April.

Continue Reading »

Higher Material Costs, Interest Rates Lower Builder Sentiment

Filed in Economics by on March 16, 2021 5 Comments
Higher Material Costs, Interest Rates Lower Builder Sentiment

Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March.

Continue Reading »

Builder Confidence: High Demand Offsets Higher Costs – For Now

Filed in Economics by on February 17, 2021 18 Comments
Builder Confidence: High Demand Offsets Higher Costs – For Now

Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Filed in Economics by on January 20, 2021 6 Comments
Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Despite the drop, builder sentiment remains at a strong level.

Continue Reading »

Builder Confidence Down from Record High, Still Strong

Filed in Economics by on December 16, 2020 10 Comments
Builder Confidence Down from Record High, Still Strong

Ending a string of three successive months of record highs, builder confidence in the market for newly built single-family homes fell four points to 86 in December, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Despite the decline, this is still the second-highest reading in the history of the series after last month’s mark of 90.

Continue Reading »

Sales Growth Lifts Builder Confidence to New Record High

Filed in Economics by on November 17, 2020 16 Comments
Sales Growth Lifts Builder Confidence to New Record High

In another sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased five points to 90 in November, shattering the previous all-time of 85 recorded in October, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Builder Confidence Continues Record Climb

Filed in Economics by on October 19, 2020 9 Comments
Builder Confidence Continues Record Climb

In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. These are the first two months the index has ever been above 80.

Continue Reading »

Builder Confidence Soars to an All-Time High, Lumber Risks Remain

Filed in Economics by on September 16, 2020 24 Comments
Builder Confidence Soars to an All-Time High, Lumber Risks Remain

In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The previous highest reading of 78 in the 35-year history of the series was set last month and also matched in December 1998.

Continue Reading »

Builder Confidence Matches All-Time High on Record Traffic

Filed in Disaster Response, Economics by on August 17, 2020 272 Comments
Builder Confidence Matches All-Time High on Record Traffic

In a sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased six points to 78 in August, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Builder Confidence Rallies to Pre-Pandemic Level in July

Filed in Disaster Response, Economics by on July 16, 2020 257 Comments
Builder Confidence Rallies to Pre-Pandemic Level in July

In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The HMI now stands at the solid pre-pandemic reading in March before the outbreak affected much of the nation.

Continue Reading »