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

Macro

2026-05-18

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

AI Data Insight

In May 2026, the US NAHB Homebuilder Confidence Index rebounded from the previous month's low of 34 to 37, exceeding market expectations. Although sales expectations and buyer traffic slightly improved, under the dual pressure of high mortgage rates and soaring building material costs, the index has been in pessimistic territory for 25 consecutive months, indicating that the recovery path of the US housing market remains bumpy.

AI Data Insight

In May 2026, the US NAHB Homebuilder Confidence Index rebounded from the previous month's low of 34 to 37, exceeding market expectations. Although sales expectations and buyer traffic slightly improved, under the dual pressure of high mortgage rates and soaring building material costs, the index has been in pessimistic territory for 25 consecutive months, indicating that the recovery path of the US housing market remains bumpy.

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