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

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 […]

Market for New Homes Shows Promise as Rates Hang Low

Jul 20th, 2020

As COVID-19 continues to dampen the U.S. economy, the housing market waved a flag of relief in July, indicating that homebuyers are ready to move again under the stimulus of record-low interest rates. According to Federal Home Loan Mortgage Corp. (Freddie Mac), the average rate for 30-year fixed-rate mortgages fell to 2.98% last week. Meanwhile, […]

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