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 […]

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 […]