NAHB/Wells Fargo Home Builder Sentiment: August 2016

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally went flat in August with the composite HMI index remaining increasing to 60 while the "buyer traffic" index declined to a level of 44.

NAHB/Wells Fargo Home Builder Sentiment: July 2016

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally worsened in July with the composite HMI index remaining declining to 59 while the "buyer traffic" index declined to a level of 45.

NAHB/Wells Fargo Home Builder Sentiment: March 2016

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally went flat in March with the composite HMI index remaining flat at 58 while the "buyer traffic" index improved to a level of 43.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings December 2014

Yesterday, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity went flat in December with the composite HMI index falling slightly to 57 from 58 the prior month while the "buyer traffic" index remained at a level of 45.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings February 2014

Yesterday, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity worsened significantly in February with the composite HMI index falling to 46 while the "buyer traffic" index declined to a level of 31.

This pullback is severe and while many are suggesting that inclement weather is responsible, only time will tell if this is the beginning of an ongoing downtrend for new construction or just a momentary pause.

Looking at the data, it is fairly clear that the last year of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings July 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity improved notably in July with the composite HMI index climbing to 57, the highest level seen since early 2006, while the "buyer traffic" index also improved, rising to a level of 45.

It's important to note that July continued to firmly reverse the weakening trend seen earlier in the year, suggesting that activity in the new home market has picked up notably and is remaining strong even beyond the traditionally strong first quarter period.

Looking at the data, it is fairly clear that the last year of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings June 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity improved notably in June with the composite HMI index climbing to 52, the highest level seen since early 2006, while the "buyer traffic" index also improved, rising to a level of 40.

It's important to note that June firmly reversed the weakening trend seen earlier in the year, suggesting that activity in the new home market has picked up notably and is remaining strong even beyond the traditionally strong first quarter period.

Looking at the data, it is fairly clear that the last year of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings February 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assesments of housing activity declined slightly in February with the composite HMI index falling to 46 while the "buyer traffic" index fell more notably to 32.

It's important to note that February showed a flattening of sorts to future expectations, a development that is worth noting as the new home market moves through it's most active months at the start of the year (see Bob Tolls explanation for January - early spring being the new home markets most active period annually).

While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings December 2012

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing continued improvement in December with the composite HMI index rising to 47 while the "buyer traffic" index improved to 36, a level not seen since early 2006.

While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings November 2012

Yesterday, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing continued improvement in November with the composite HMI index rising to 46 while the "buyer traffic" index went flat at 35, a level not seen since April 2006.

While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings October 2012

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing continued improvement in October with the composite HMI index rising to 41 while the "buyer traffic" index climbed to 35, a level not seen since April 2006.

While all indicators have made truly spectacular improvements this year, it's important to note that conditions still remain fairly distressed by historic standards.

Although, looking at the data, it is fairly clear that the last few months of results indicate a major change in builder sentiment likely coming as a result of improvements in confidence given the notable rise in buyer traffic, reduced inventory and a more balanced monthly supply.