The NAHB housing market index in the US extended losses for an 11th straight month to 33 in November of 2022 from 38 in October and below forecasts of 36. It is the lowest reading since 2012 excluding the immediate onset of the pandemic. Current sales conditions declined to 39 from 45, sales expectations in the next six months went down to 31 from 35, and traffic of prospective buyers fell 5 points to 20. "Higher interest rates have significantly weakened demand for new homes as buyer traffic is becoming increasingly scarce", NAHB Chairman Jerry Konter said. source: National Association of Home Builders

Nahb Housing Market Index in the United States averaged 52.22 from 1985 until 2022, reaching an all time high of 90.00 in November of 2020 and a record low of 8.00 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 November of 2022.

Nahb Housing Market Index in the United States is expected to be 32.00 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 70.00 in 2023 and 72.00 in 2024, according to our econometric models.

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United States Nahb Housing Market Index



Calendar GMT Actual Previous Consensus TEForecast
2022-10-18 02:00 PM Oct 38 46 43 47
2022-11-16 03:00 PM Nov 33 38 36 37
2022-12-15 03:00 PM Dec 33 32


Related Last Previous Unit Reference
Nahb Housing Market Index 33.00 38.00 Nov 2022

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
33.00 38.00 90.00 8.00 1985 - 2022 Monthly
SA

News Stream
US Homebuilder Confidence at Early-Pandemic Lows: NAHB
The NAHB housing market index in the US extended losses for an 11th straight month to 33 in November of 2022 from 38 in October and below forecasts of 36. It is the lowest reading since 2012 excluding the immediate onset of the pandemic. Current sales conditions declined to 39 from 45, sales expectations in the next six months went down to 31 from 35, and traffic of prospective buyers fell 5 points to 20. "Higher interest rates have significantly weakened demand for new homes as buyer traffic is becoming increasingly scarce", NAHB Chairman Jerry Konter said.
2022-11-16
US Homebuilder Confidence Falls for 10th Month
The NAHB housing market index in the US fell for the 10th straight month to 38 in October of 2022, half the level it was just six months ago and below market forecasts of 43. This was the lowest reading since August 2012, with the exception of the onset of the pandemic in the spring of 2020, due to rising interest rates, building material bottlenecks, and elevated home prices. Current sales conditions fell 9 points to 45, sales expectations in the next six months declined 11 points to 35, and traffic of prospective buyers fell 6 points to 25. “High mortgage rates approaching 7% have significantly weakened demand, particularly for first-time and first-generation prospective home buyers,” said NAHB Chairman Jerry Konter, a home builder and developer from Savannah, Ga.
2022-10-18
US Homebuilder Sentiment Falls More than Expected
The NAHB housing market index in the US fell for the ninth straight month to 46 in September of 2022, below market forecasts of 47. It was the lowest level since May 2020 as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability. Current sales conditions dropped three points to 54, sales expectations in the next six months declined one point to 46 and traffic of prospective buyers fell one point to 31. “Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” said NAHB Chairman Jerry Konter.
2022-09-19