The NAHB housing market index in the US fell for a 5th straight month to 69 in May of 2022 from 77 in April, below market forecasts of 75. It is the lowest level since June of 2020, hurt by rising mortgage rates and building material costs. The current sales subindex dropped 8 points to 76; buyer traffic dropped 9 points to 52, and sales expectations in the next six months sank 10 points to 63. "The housing market is facing growing challenges. Building material costs are up 19% from a year ago; in less than three months mortgage rates have surged to a 12-year high, and based on current affordability conditions, less than 50% of new and existing home sales are affordable for a typical family”, said NAHB chief economist Robert Dietz. source: National Association of Home Builders

Nahb Housing Market Index in the United States averaged 52.28 from 1985 until 2022, reaching an all time high of 90 in November of 2020 and a record low of 8 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 2022.

Nahb Housing Market Index in the United States is expected to be 65.00 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 80.00 in 2023 and 70.00 in 2024, according to our econometric models.

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United States Nahb Housing Market Index



Calendar GMT Actual Previous Consensus TEForecast
2022-04-18 02:00 PM Apr 77 79 77 77
2022-05-17 02:00 PM May 69 77 75 75
2022-06-15 02:00 PM Jun


Related Last Previous Unit Reference
Nahb Housing Market Index 69.00 77.00 May 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
69.00 77.00 90.00 8.00 1985 - 2022 Monthly
SA

News Stream
US Homebuilder Sentiment at 2-Year Low
The NAHB housing market index in the US fell for a 5th straight month to 69 in May of 2022 from 77 in April, below market forecasts of 75. It is the lowest level since June of 2020, hurt by rising mortgage rates and building material costs. The current sales subindex dropped 8 points to 76; buyer traffic dropped 9 points to 52, and sales expectations in the next six months sank 10 points to 63. "The housing market is facing growing challenges. Building material costs are up 19% from a year ago; in less than three months mortgage rates have surged to a 12-year high, and based on current affordability conditions, less than 50% of new and existing home sales are affordable for a typical family”, said NAHB chief economist Robert Dietz.
2022-05-17
US Home Builder Sentiment Falls for 4th Month
The NAHB housing market index in the US fell to 77 in April of 2022 from 79 in March, in line with market expectations. The index fell for a fourth consecutive month to the lowest since September last year, as a sharp jump in mortgage rates, persistent supply chain disruptions, elevated housing prices and construction costs continue to unsettle the housing market. The current sales subindex fell 2 points to 85; buyer traffic dropped 6 points to 60, and sales expectations in the next six months increased 3 points to 73, following a 10-point drop in March. “The housing market faces an inflection point as an unexpectedly quick rise in interest rates, rising home prices and escalating material costs have significantly decreased housing affordability conditions, particularly in the crucial entry-level market,” said NAHB Chief Economist Robert Dietz.
2022-04-18
NAHB Homebuilder Sentiment at 6-Month Low
The NAHB housing market index in the US fell to a 6-month low of 79 in March of 2022 from 81 in February and below market forecasts of 81. The home sales over the next six months sub-index sank to 70 from 80 and the current single-family sub-index dropped to 86 from 89 while the gauge for prospective buyers increased to 67 from 65. "Builders are more concerned that increasing construction costs and higher interest rates will price prospective home buyers out of the market. While low existing inventory and favorable demographics are supporting demand, the impact of elevated inflation and expected higher interest rates suggests caution for the second half of 2022", NAHB Chief Economist Robert Dietz said.
2022-03-16