NAHB: Builder confidence ends four months of consecutive increase

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The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 65 in July, up from 64 in June. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Holds Firm in JulyBuilder confidence in the market for newly-built single-family homes rose one [.]

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NAHB – builder confidence up in May. Builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous month to reach a level of 29 on the National Association of Home Builders (NAHB)/Wells fargo housing market Index (HMI), released today.

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Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth consecutive month at or above a level.

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While September readings are well within positive territory, approaching winter weather and shortages may cause builder confidence in housing market conditions to decrease. Regional Builder Confidence Readings Mixed Three-month rolling average readings for four regions tracked by NAHB had missed results in September.

The Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

 · Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for November, released recently. This marks the seventh consecutive monthly gain in the confidence gauge and brings it to its highest point since May of 2006.

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Four-Month Upturn Ends as Builder Confidence Falls in October Filed in Construction Industry , Economics , Home Building by NAHB Now on October 16, 2014 0 Comments After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to a level of 54 on the NAHB/Wells Fargo Housing Market Index (HMI), released today.