NAHB Housing Market Index

The NAHB/Wells Fargo Housing Market Index (HMI) measures the sentiment of single-family home builders about the housing market. It is based on a monthly survey assessing current sales, expected sales over the next six months, and traffic of potential buyers. The index ranges from 0 to 100, with values above 50 indicating positive builder confidence and below 50 signaling caution or pessimism.

A higher HMI reflects strong market confidence, while a lower HMI suggests weaker outlooks. This index provides insights into builders' views of both present and near-term housing market conditions.

Source: National Association of Home Builders