Posts Tagged ‘ NAHB/Wells Fargo Housing Market Index (HMI) ’

NAHB: Builder Confidence Drops in Face of Diminished Future Sales Expectations, Rising Costs

Mar 18th, 2022

According to the latest NAHB/Wells Fargo Housing Market Index (HMI) released on Wednesday, March 15, builder confidence in the market for newly built single-family homes moved two points lower, to 79, in March from a downwardly revised reading in February. The National Association of Homebuilders points to ongoing lumber and building material supply side constraints, […]

Builder Confidence Slides in February

Feb 22nd, 2022

The National Association of Homebuilders announced last week that despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family homes moved one point lower, to 82 in […]

Homebuilder Confidence Edges Lower on Inflation Concerns

Jan 21st, 2022

A four-month rise in homebuilder sentiment has “snapped,” the National Association of Homebuilders (NAHB) said this week, citing growing inflation concerns and ongoing supply chain disruptions, though the association says consumer demand remains robust. According to the NAHB/Wells Fargo Housing Market Index (HMI) released on Tuesday, builder confidence in the market for newly built single-family […]

NAHB Chair Provides Monthly Recap, Looks Back on Year

Dec 14th, 2021

In his last monthly video update for the National Association of Homebuilders, executive director Chuck Fowke closed out the year with “good news.” Acknowledging that 2021 has been a year of “ups and downs,” he pointed out that “homebuilding has remained a bright spot.” Fowke reminded viewers that November homebuilder confidence, as tracked by the […]

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 […]

Builder Confidence Up, Supported by September’s Single Family Starts

Oct 29th, 2021

The NAHB/Wells Fargo Housing Market Index (HMI) released last week shows sentiment in the market for newly built single-family homes moved four points higher to 80 in October, driven in part by strong consumer demand. The growing affordability challenges stemming from rising material prices and shortages didn’t damper single-family home starts in September, officials said, […]

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 […]

Builders Point to Material Costs and Interest Rates for Slight Decline in Confidence

Mar 23rd, 2021

With a slight decrease in confidence registering among builders in March, officials for the National Association of Home Builders (NAHB) point to material costs and interest rates as culprits. After attempting to persuade the U.S. Department of Commerce to take action on escalating costs for lumber and other materials, officials for NAHB now say those […]

Builder Confidence Remains Strong, No Longer at Record High

Dec 17th, 2020

After three successive months of record highs, the latest NAHB/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly built single-family homes fell four points to 86 in December. Despite the decline, this is still the second-highest reading in the history of the series, after last month’s rating of 90. “Housing […]

Sales Growth Lifts Builder Confidence to New Record High

Nov 18th, 2020

The latest National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released yesterday, shows confidence in the market for newly-built single-family homes has increased another five points in November, shattering the previous all-time high of 85 recorded in October, and now sitting at 90. Builder confidence levels have hit successive all-time highs over […]

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