The NAHB/Wells Fargo Housing Market Index in the US fell to 43 in June 2024 from 45 in May, below market expectations of 45. It was the lowest reading since December 2023, attributed to mortgage rates remaining around 7% and elevated construction financing costs. The gauge for current sales conditions fell three points to 48, the component measuring sales expectations in the next six months fell four points to 47 and the gauge charting traffic of prospective buyers declined two points to 28. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan. “Home builders are also dealing with higher rates for construction and development loans, chronic labor shortages and a dearth of buildable lots.”. source: National Association of Home Builders

Nahb Housing Market Index in the United States decreased to 43 points in June from 45 points in May of 2024. Nahb Housing Market Index in the United States averaged 51.91 points from 1985 until 2024, reaching an all time high of 90.00 points in November of 2020 and a record low of 8.00 points in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Nahb Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2024.

Nahb Housing Market Index in the United States decreased to 43 points in June from 45 points in May of 2024. Nahb Housing Market Index in the United States is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nahb Housing Market Index is projected to trend around 53.00 points in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-05-15 02:00 PM
NAHB Housing Market Index
May 45 51 51 52
2024-06-19 02:00 PM
NAHB Housing Market Index
Jun 43 45 45 48
2024-07-16 02:00 PM
NAHB Housing Market Index
Jul 43


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.16 6.13 percent Jun 2024
30-Year Mortgage Rate 6.86 6.87 percent Jun 2024
Average House Prices 520000.00 503700.00 USD May 2024
Average Mortgage Size 405.49 405.40 Thousand USD Apr 2024
Building Permits 1399.00 1440.00 Thousand May 2024
Building Permits MoM -2.80 -3.00 percent May 2024
Case Shiller Home Price Index 329.78 325.45 points Apr 2024
S&P/Case-Shiller Home Price MoM 1.40 1.60 percent Apr 2024
S&P/Case-Shiller Home Price YoY 7.20 7.50 percent Apr 2024
Construction Spending MoM -0.10 0.30 percent May 2024
Existing Home Sales 4110.00 4140.00 Thousand May 2024
Existing Home Sales MoM -0.70 -1.90 percent May 2024
Home Ownership Rate 65.70 66.00 percent Dec 2023
House Price Index MoM 0.20 0.10 percent Apr 2024
House Price Index YoY 6.30 6.70 percent Apr 2024
House Price Index 424.30 423.30 points Apr 2024
Housing Starts 1277.00 1352.00 Thousand units May 2024
Housing Starts MoM -5.50 4.10 percent May 2024
Housing Starts Multi Family 278.00 310.00 Thousand units May 2024
Housing Starts Single Family 982.00 1036.00 Thousand units May 2024
MBA Mortgage Market Index 212.00 210.40 points Jun 2024
MBA Mortgage Refinance Index 552.40 552.70 points Jun 2024
MBA Purchase Index 147.80 146.00 points Jun 2024
MBA Mortgage Applications 0.80 0.90 percent Jun 2024
Mortgage Originations 402.65 393.77 Billion USD Mar 2024
MBA 30-Year Mortgage Rate 6.93 6.94 percent Jun 2024
NAHB Housing Market Index 43.00 45.00 points Jun 2024
National Home Price Index 316.58 315.30 points Feb 2024
New Home Sales 619.00 698.00 Thousand units May 2024
New Home Sales MoM -11.30 2.00 percent May 2024
Pending Home Sales YoY -6.60 -7.40 percent May 2024
Pending Home Sales MoM -2.10 -7.70 percent May 2024
Price to Rent Ratio 135.01 134.91 Dec 2023
Residential Property Prices 5.53 4.52 Percent Dec 2023
Existing Home Sales Prices 419300.00 407600.00 USD May 2024
Total Housing Inventory 1280.00 1210.00 Thousands May 2024

United States Nahb Housing Market Index
NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of home builders. They are asked to rate current sales of single-family homes and sales expectations for the next six months and to rate traffic of prospective buyers. Scores for responses to each component are used to calculate a seasonally adjusted overall index, where a number over 50 indicates more builders view sales conditions as good than poor.
Actual Previous Highest Lowest Dates Unit Frequency
43.00 45.00 90.00 8.00 1985 - 2024 points Monthly
SA


News Stream
US Homebuilder Sentiment Falls to 6-Month Low
The NAHB/Wells Fargo Housing Market Index in the US fell to 43 in June 2024 from 45 in May, below market expectations of 45. It was the lowest reading since December 2023, attributed to mortgage rates remaining around 7% and elevated construction financing costs. The gauge for current sales conditions fell three points to 48, the component measuring sales expectations in the next six months fell four points to 47 and the gauge charting traffic of prospective buyers declined two points to 28. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan. “Home builders are also dealing with higher rates for construction and development loans, chronic labor shortages and a dearth of buildable lots.”
2024-06-19
US Homebuilder Sentiment Falls to 4-Month Low
The NAHB/Wells Fargo Housing Market Index in the US fell to 45.0 in May 2024, the lowest in four month, down from 51 in April and below market expectations of 51. It was the first decrease in builder sentiment since November 2023 attributed to mortgage rates consistently hovering above 7% for the past month. The gauge for current sales conditions fell six points to 51, the component measuring sales expectations in the next six months fell nine points to 51 and the gauge charting traffic of prospective buyers declined four points to 30. “A lack of progress on reducing inflation pushed long-term interest rates higher in the first quarter and this is acting as a drag on builder sentiment,” said NAHB Chief Economist Robert Dietz. “The last leg in the inflation fight is to reduce shelter inflation, and this can only occur if builders are able to construct more attainable, affordable housing.”
2024-05-15
US Homebuilder Sentiment Unchanged in April
The NAHB/Wells Fargo Housing Market Index in the US held steady at 51.0 in April 2024, maintaining its highest level since July 2023 and marking a departure from four consecutive months of increases, as uncertainty surrounding interest rates has left potential home buyers hesitant. The gauge for current sales conditions increased one point to 57, and the component gauging traffic of prospective buyers increased one point to 35. On the other hand, the gauge for sales expectations in the next six months fell two points to 60. “April’s flat reading suggests potential for demand growth is there, but buyers are hesitating until they can better gauge where interest rates are headed,” said NAHB Chief Economist Robert Dietz. “With the markets now adjusting to rates being somewhat higher due to recent inflation readings, we still anticipate the Federal Reserve will announce future rate cuts later this year, and that mortgage rates will moderate in the second half of 2024.”
2024-04-15