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

Macro

2026-09-16

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 NAHB Housing Market Index for September 2026 fell to 32 from 35 in the previous month, indicating continued weakness in builder confidence. High mortgage rates, labor shortages, and rising building material costs were the primary drags, prompting over 60% of builders to introduce sales incentives to stimulate buyer demand.

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AI Data Insight

The US NAHB Housing Market Index for September 2026 fell to 32 from 35 in the previous month, indicating continued weakness in builder confidence. High mortgage rates, labor shortages, and rising building material costs were the primary drags, prompting over 60% of builders to introduce sales incentives to stimulate buyer demand.

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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