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.