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

Macro

2026-06-15

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

The latest data from the National Association of Home Builders (NAHB) shows that the homebuilder confidence index in May 2026 slipped to 35.0 from 37.0 in the previous month, falling short of the market expectation of 36.0, and setting a rare prolonged slump record of remaining below 40 for 14 consecutive months. Soaring mortgage rates and construction costs continue to suppress buyer demand, with over 60% of builders forced to offer sales incentives to clear inventory. In the short term, the housing market momentum still faces severe challenges.

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AI Data Insight

The latest data from the National Association of Home Builders (NAHB) shows that the homebuilder confidence index in May 2026 slipped to 35.0 from 37.0 in the previous month, falling short of the market expectation of 36.0, and setting a rare prolonged slump record of remaining below 40 for 14 consecutive months. Soaring mortgage rates and construction costs continue to suppress buyer demand, with over 60% of builders forced to offer sales incentives to clear inventory. In the short term, the housing market momentum still faces 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