United States: National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)

Macro

2026-10-19

Description

The US National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is compiled and released by the National Association of Home Builders (NAHB). This index gauges the confidence of single-family home builders. An index reading above 50 indicates that more builders view market conditions as good rather than poor. It is a leading indicator of the health of the housing market and the broader economy.

The HMI is derived from a monthly survey of NAHB members, asking about current single-family home sales market conditions, expectations for the market six months out, and traffic of prospective buyers.

The data is released monthly, typically on the third Tuesday of each month.

Published by
NAHB (Choice)
Frequency
Monthly
Next Update
Hashtags
RealEstate United States

AI Data Insight

In the first month of Q4 2026 (October), the NAHB Builder Confidence Index fell sharply to 29 from 32 at the end of the previous quarter, significantly below market consensus. Constrained by high mortgage rates exceeding 7% and climbing construction costs, potential buyers are holding back. In the short term, builders are forced to increase price cuts to stimulate sales, while the medium-term housing market recovery will face severe challenges.

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AI Data Insight

In the first month of Q4 2026 (October), the NAHB Builder Confidence Index fell sharply to 29 from 32 at the end of the previous quarter, significantly below market consensus. Constrained by high mortgage rates exceeding 7% and climbing construction costs, potential buyers are holding back. In the short term, builders are forced to increase price cuts to stimulate sales, while the medium-term housing market recovery will face severe challenges.

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Description

The US National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) is compiled and released by the National Association of Home Builders (NAHB). This index gauges the confidence of single-family home builders. An index reading above 50 indicates that more builders view market conditions as good rather than poor. It is a leading indicator of the health of the housing market and the broader economy.

The HMI is derived from a monthly survey of NAHB members, asking about current single-family home sales market conditions, expectations for the market six months out, and traffic of prospective buyers.

The data is released monthly, typically on the third Tuesday of each month.

Published by
NAHB (Choice)
Frequency
Monthly
Next Update
Hashtags
RealEstate United States