The NAHB/Wells Fargo Housing Market Index in the US, which measures builder confidence in the market for newly built single-family homes, rose to 37 in May 2026 from 34 in April which was its lowest level since September 2025, and came in above forecasts of 35. The current sales conditions rose three points to 40. Sales expectations in the next six months increased three points to 45 and traffic of prospective buyers posted a three-point gain to 25. Also, 32% of builders cut prices in May, down from 36% in April. The average price reduction was 6%, up from the 5% figure in April. source: National Association of Home Builders

Nahb Housing Market Index in the United States increased to 37 points in May from 34 points in April of 2026. Nahb Housing Market Index in the United States averaged 51.29 points from 1985 until 2026, 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 May of 2026.

Nahb Housing Market Index in the United States increased to 37 points in May from 34 points in April of 2026. Nahb Housing Market Index in the United States is expected to be 36.00 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 52.00 points in 2027 and 50.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-15 02:00 PM
NAHB Housing Market Index
Apr 34 38 37 37
2026-05-18 02:00 PM
NAHB Housing Market Index
May 37 34 35 35
2026-06-15 02:00 PM
NAHB Housing Market Index
Jun 37 36


Related Last Previous Unit Reference
15-Year Mortgage Rate 5.85 5.71 percent May 2026
30-Year Mortgage Rate 6.51 6.36 percent May 2026
Average House Prices 503100.00 521000.00 USD Mar 2026
Average Mortgage Size 381.94 383.57 Thousand USD Mar 2026
Building Permits 1442.00 1363.00 Thousand Apr 2026
Building Permits MoM 5.80 -11.50 percent Apr 2026
Case-Shiller Home Price Index 341.74 338.23 points Mar 2026
Case-Shiller Home Price Index MoM 1.00 0.40 percent Mar 2026
Case-Shiller Home Price Index YoY 0.80 0.90 percent Mar 2026
Construction Spending MoM 0.60 -0.20 percent Mar 2026
Existing Home Sales 4020.00 4010.00 Thousand Apr 2026
Existing Home Sales MoM 0.20 -2.90 percent Apr 2026
Home Ownership Rate 65.30 65.70 percent Mar 2026
House Price Index MoM 0.10 -0.10 percent Mar 2026
House Price Index YoY 1.70 1.70 percent Mar 2026
House Price Index 441.50 441.20 points Mar 2026
Housing Starts 1465.00 1507.00 Thousand units Apr 2026
Housing Starts MoM -2.80 12.00 percent Apr 2026
Housing Starts Multi Family 529.00 463.00 Thousand units Apr 2026
Housing Starts Single Family 930.00 1022.00 Thousand units Apr 2026
MBA Mortgage Market Index 283.50 290.10 points May 2026
MBA Mortgage Refinance Index 920.20 921.10 points May 2026
MBA Purchase Index 170.40 177.70 points May 2026
MBA Mortgage Applications -2.30 1.70 percent May 2026
Mortgage Originations 529.80 524.42 Billion USD Mar 2026
MBA 30-Year Mortgage Rate 6.56 6.46 percent May 2026
NAHB Housing Market Index 37.00 34.00 points May 2026
Case-Shiller Single Family Home Price Index 331.27 332.00 points Mar 2026
New Home Sales 682.00 635.00 Thousand units Mar 2026
New Home Sales MoM 7.40 8.90 percent Mar 2026
Pending Home Sales YoY 3.20 -1.10 percent Apr 2026
Pending Home Sales MoM 1.40 1.70 percent Apr 2026
Price to Rent Ratio 133.60 133.10 Dec 2024
Residential Property Prices 0.90 1.22 Percent Dec 2025
Existing Home Sales Prices 417700.00 409100.00 USD Apr 2026
Total Housing Inventory 1470.00 1390.00 Thousands Apr 2026


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
37.00 34.00 90.00 8.00 1985 - 2026 points Monthly
SA

News Stream
US Homebuilder Sentiment Beats Forecasts
The NAHB/Wells Fargo Housing Market Index in the US, which measures builder confidence in the market for newly built single-family homes, rose to 37 in May 2026 from 34 in April which was its lowest level since September 2025, and came in above forecasts of 35. The current sales conditions rose three points to 40. Sales expectations in the next six months increased three points to 45 and traffic of prospective buyers posted a three-point gain to 25. Also, 32% of builders cut prices in May, down from 36% in April. The average price reduction was 6%, up from the 5% figure in April.
2026-05-18
US Homebuilder Confidence Lowest in 7 Months
The NAHB/Wells Fargo Housing Market Index in the US which measures builder confidence in the market for newly built single-family homes, fell to 34 in APril 2026, the lowest since September 2025 from 38 in MArch and compared to forecasts of 37. Current sales conditions fell four points to 37. Sales expectations in the next six months dropped seven points to 42 and traffic of prospective buyers posted a three-point decline to 22. Meanwhile, 36% of builders cut prices in April, down slightly from 37% in March. The average price reduction was 5%, down from 6% in the previous month. The use of sales incentives was 60%, down from 64% in March, and marking the 13th consecutive month this share has reached 60% or higher.
2026-04-15
US Homebuilder Sentiment Edges Up
The NAHB/Wells Fargo Housing Market Index in the US edged up to 38 in March 2026 from 37 in each of the previous two months, compared to forecasts of 37. Current sales conditions increased one point to 42. Sales expectations in the next six months gained two points to 49 and traffic of prospective buyers posted a three-point increase to 25. Also, 37% of builders cut prices in March, up slightly from 36% in February. The average price reduction remained stable at 6%. The use of sales incentives was 64% in March, down one percentage point from February, and marking the 12th consecutive month this share has exceeded 60%. "Many buyers remain on the fence waiting for lower interest rates and due to economic uncertainty. Builders are facing elevated land, labor and construction costs and nearly two-thirds continue to offer sales incentives in a bid to firm up the market", said NAHB Chairman Bill Owens.
2026-03-16