The NAHB housing market index in the US fell for a 6th straight month to 67 in June of 2022, the lowest since June of 2020, from 69 in May and below forecasts of 68 as rising mortgage rates and building material costs continue to hurt affordability. The current sales subindex dropped 1 point to 77; buyer traffic fell to 48 from 53; and sales expectations in the next six months declined 2 points to 61. "The entry-level market has been particularly affected by declines for housing affordability and builders are adopting a more cautious stance as demand softens with higher mortgage rates. Government officials need to enact policies that will support the supply-side of the housing market as costs continue to climb", said NAHB Chairman Jerry Konter. source: National Association of Home Builders

Nahb Housing Market Index in the United States averaged 52.31 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 June 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
2022-05-17 02:00 PM May 69 77 75 75
2022-06-15 02:00 PM Jun 67 69 68 69
2022-07-18 02:00 PM Jul 67


Related Last Previous Unit Reference
Nahb Housing Market Index 67.00 69.00 Jun 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
67.00 69.00 90.00 8.00 1985 - 2022 Monthly
SA

News Stream
NAHB Homebuilder Sentiment Continues to Weaken
The NAHB housing market index in the US fell for a 6th straight month to 67 in June of 2022, the lowest since June of 2020, from 69 in May and below forecasts of 68 as rising mortgage rates and building material costs continue to hurt affordability. The current sales subindex dropped 1 point to 77; buyer traffic fell to 48 from 53; and sales expectations in the next six months declined 2 points to 61. "The entry-level market has been particularly affected by declines for housing affordability and builders are adopting a more cautious stance as demand softens with higher mortgage rates. Government officials need to enact policies that will support the supply-side of the housing market as costs continue to climb", said NAHB Chairman Jerry Konter.
2022-06-15
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