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

Macro

2026-08-17

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 for Q3 2026 shows that the US NAHB Housing Market Index rebounded to 35 in August, higher than the previous value of 34 and the consensus expectation of 33. Although current sales conditions have slightly improved, constrained by high mortgage rates and rising building material costs, builder confidence has remained in depressed territory for 16 consecutive months, and price-cutting promotions remain the market norm.

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AI Data Insight

The latest data for Q3 2026 shows that the US NAHB Housing Market Index rebounded to 35 in August, higher than the previous value of 34 and the consensus expectation of 33. Although current sales conditions have slightly improved, constrained by high mortgage rates and rising building material costs, builder confidence has remained in depressed territory for 16 consecutive months, and price-cutting promotions remain the market norm.

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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