Posts Tagged ‘ Builder confidence ’

Builder Confidence Drops for Fifth Straight Month

May 20th, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released earlier this week, points to falling builder confidence in the market for newly built single-family homes, a sign that the organization says indicates the housing market is now slowing. Builder confidence fell eight points in May, to 69, as growing affordability challenges—rapidly […]

Builder Confidence Continues to Fall, Housing Market Reaches Inflection Point

Apr 22nd, 2022

Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released earlier this week. It marks the fourth straight month that builder sentiment has declined, as rapidly rising interest rates combined with ongoing […]

Strong Demand Keeps Builder Confidence Up Even as Supply Side Challenges Persist

Nov 18th, 2021

The most recent NAHB/Wells Fargo Housing Market Index (HMI), released this week, reports that builder sentiment in the market for newly built single-family homes moved three points higher to 83 in November. Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including […]

Gauges for Builder Confidence and Architectural Billings Offset

Aug 26th, 2021

Two leading indicators for construction forecasting registered opposing measures last week—one pointing to a downturn in builder confidence, while the other indicates more construction projects could be on the way for multifamily. The National Association of Home Builders (NAHB) announced that builder confidence reached a 13-month low, according to the NAHB/Wells Fargo Housing Market Index […]

NAHB: Rising Material Challenges Drives Declining Builder Sentiment

Jun 17th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released this week shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June, its lowest level since August 2020. Even with the rising material prices and supply chain shortages that caused the monthly […]

Builder Sentiment Dip in Face of Higher Material Costs, Interest Rates

Mar 18th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March. High buyer traffic and strong demand, wasn’t enough to keep builder sentiment up in March as rising lumber and other material prices pushed […]

Builder Confidence Continues Record Climb

Oct 20th, 2020

The latest NAHB/Wells Fargo Housing Market Index (HMI) shows 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. These are the first two months the index has ever been above 80, according to the NAHB. “Traffic remains […]

Builder Confidence At All-Time High, Lumber Remains Risky

Sep 17th, 2020

The latest NAHB/Wells Fargo Housing Market Index (HMI) shows that housing is leading the economic recovery and that builder confidence in the market for newly-built single-family homes increased five points, now sitting at an all-time high of 83. In the 35-year history of the series, the previous highest reading was set last month, coming in […]

Builder Confidence Matches All-Time High on Record Traffic

Aug 18th, 2020

The latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released yesterday, shows that builder confidence in the market for newly-built single-family homes increased six points to 78 in August. The HMI now stands at its highest reading in the 35-year history of the series, matching the record that was set in December […]

Builder Confidence Declines But Remains Solid

Mar 17th, 2020

Builder confidence in the market for newly-built single-family homes fell two points in March, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which was released today. Sentiment levels have held in a firm range in the low- to mid-70s for the past six months. “Builder confidence remains solid, […]

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