The NAHB/Wells Fargo Housing Market Index eased to 36 in February of 2026 from 37 in the previous month, contrasting slightly with market expectations that it would improve to 38. It was the softest reading in five months, reflecting continued challenges in the US housing market. Builder sentiment deteriorated across most components of the index, with sales expectations in the next six months dropping by three points to 46, while the traffic of positive buyers dropped two points to 22. In turn, current sales conditions remained unchanged 41. Th survey reported that 36% of builders cut prices in the period, 4 percentage points below the ratio in January. source: National Association of Home Builders

Nahb Housing Market Index in the United States decreased to 36 points in February from 37 points in January of 2026. Nahb Housing Market Index in the United States averaged 51.38 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 February of 2026.

Nahb Housing Market Index in the United States decreased to 36 points in February from 37 points in January of 2026. Nahb Housing Market Index in the United States is expected to be 42.00 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-16 03:00 PM
NAHB Housing Market Index
Jan 37 39 40 39
2026-02-17 03:00 PM
NAHB Housing Market Index
Feb 36 37 38 41
2026-03-17 02:00 PM
NAHB Housing Market Index
Mar 36 42


Related Last Previous Unit Reference
15-Year Mortgage Rate 5.35 5.44 percent Feb 2026
30-Year Mortgage Rate 6.01 6.09 percent Feb 2026
Average House Prices 532600.00 530200.00 USD Dec 2025
Average Mortgage Size 385.51 380.61 Thousand USD Jan 2026
Building Permits 1455.00 1388.00 Thousand Dec 2025
Building Permits MoM 4.80 -1.60 percent Dec 2025
Case-Shiller 20-City Home Price Index 337.27 337.37 points Nov 2025
Case-Shiller Home Price MoM 0.00 -0.30 percent Nov 2025
Case-Shiller Home Price YoY 1.40 1.30 percent Nov 2025
Construction Spending MoM 0.50 -0.60 percent Oct 2025
Existing Home Sales 3910.00 4270.00 Thousand Jan 2026
Existing Home Sales MoM -8.40 4.40 percent Jan 2026
Home Ownership Rate 65.70 65.30 percent Dec 2025
House Price Index MoM 0.60 0.40 percent Nov 2025
House Price Index YoY 1.90 1.80 percent Nov 2025
House Price Index 439.30 436.80 points Nov 2025
Housing Starts 1404.00 1322.00 Thousand units Dec 2025
Housing Starts MoM 6.20 3.90 percent Dec 2025
Housing Starts Multi Family 402.00 365.00 Thousand units Dec 2025
Housing Starts Single Family 981.00 942.00 Thousand units Dec 2025
MBA Mortgage Market Index 339.00 329.90 points Feb 2026
MBA Mortgage Refinance Index 1375.90 1284.60 points Feb 2026
MBA Purchase Index 157.10 161.50 points Feb 2026
MBA Mortgage Applications 2.80 -0.30 percent Feb 2026
Mortgage Originations 524.42 512.15 Billion USD Dec 2025
MBA 30-Year Mortgage Rate 6.17 6.21 percent Feb 2026
NAHB Housing Market Index 36.00 37.00 points Feb 2026
Case-Shiller Single Family Home Price Index 330.45 329.14 points Nov 2025
New Home Sales 745.00 758.00 Thousand units Dec 2025
New Home Sales MoM -1.70 15.50 percent Dec 2025
Pending Home Sales YoY -0.40 -3.00 percent Jan 2026
Pending Home Sales MoM -0.80 -7.40 percent Jan 2026
Price to Rent Ratio 134.04 133.46 Dec 2024
Residential Property Prices 1.22 1.78 Percent Sep 2025
Existing Home Sales Prices 396800.00 405100.00 USD Jan 2026
Total Housing Inventory 1220.00 1230.00 Thousands Jan 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
36.00 37.00 90.00 8.00 1985 - 2026 points Monthly
SA

News Stream
US Homebuilder Sentiment Weakens to 5-Month Low
The NAHB/Wells Fargo Housing Market Index eased to 36 in February of 2026 from 37 in the previous month, contrasting slightly with market expectations that it would improve to 38. It was the softest reading in five months, reflecting continued challenges in the US housing market. Builder sentiment deteriorated across most components of the index, with sales expectations in the next six months dropping by three points to 46, while the traffic of positive buyers dropped two points to 22. In turn, current sales conditions remained unchanged 41. Th survey reported that 36% of builders cut prices in the period, 4 percentage points below the ratio in January.
2026-02-17
US Homebuilder Sentiment Weakens in January
The NAHB/Wells Fargo Housing Market Index fell to 37.0 in January 2026, down from 39.0 in December and below market expectations of 40.0. This marked the weakest reading in three months, signaling continued challenges in the US housing market. Builder sentiment deteriorated across all components of the index. Current sales conditions edged down by one point to 41, while sales expectations for the next six months declined three points to 49. Traffic of prospective buyers also weakened, falling three points to 23. The survey further showed that 40% of builders reported cutting prices in January, unchanged from December and marking the third consecutive month in which the share remained at 40% or higher, the highest level since May 2020. The average price reduction increased to 6%, up from 5% in December. Meanwhile, the use of sales incentives rose to 65%, extending a streak of 10 consecutive months above the 60% threshold.
2026-01-16
US Homebuilder Mood Hits 8-Month High, Still Subdued
The NAHB/Wells Fargo Housing Market Index in the US inched up to 39 in December 2025, the highest in eight months, from 38 in November, while analysts expected it to remain steady at 38. Still, the index stayed below the 50 threshold for the 20th consecutive month, as builders contend with higher construction costs, economic and tariff risks, and muted buyer demand due to affordability concerns. Current sales conditions edged up one point to 42, the index measuring future sales rose one point to 52 and the gauge charting traffic of prospective buyers held steady at 26. In a further sign of ongoing challenges for the housing market, the latest survey also revealed that 40% of builders reported cutting prices in December, marking the second consecutive month the share has been at 40% or higher since May 2020. The use of sales incentives was 67% in December, the highest percentage in the post-Covid period.
2025-12-15