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

Macro

2026-07-16

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 US Q3 2026 NAHB Housing Market Index fell to 34.0, missing market expectations of 35 and declining further from the previous Q2 2026 reading of 35.0. High mortgage rates and construction costs continue to suppress homebuilder sentiment, forcing over 60% of builders to offer sales incentives. Although the recently passed housing act brings policy benefits, the housing market still faces severe affordability challenges in the short term.

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AI Data Insight

The US Q3 2026 NAHB Housing Market Index fell to 34.0, missing market expectations of 35 and declining further from the previous Q2 2026 reading of 35.0. High mortgage rates and construction costs continue to suppress homebuilder sentiment, forcing over 60% of builders to offer sales incentives. Although the recently passed housing act brings policy benefits, the housing market still faces severe affordability challenges in the short term.

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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