NAHB/Wells Fargo Home Builder Sentiment: January 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 January with the composite HMI index remaining flat at 60 while the "buyer traffic" index declined to a level of 44.

NAHB/Wells Fargo Home Builder Sentiment: October 2015

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally improved in October with the composite HMI index climbing to at 64 while the "buyer traffic" index went flat at a level of 47.

NAHB/Wells Fargo Home Builder Sentiment: September 2015

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally improved in September with the composite HMI index climbing to 62 while the "buyer traffic" index rose to a level of 47 from 45 in the prior month.

Overall, conditions for new home construction appear to have remained stable recently but still remain below the peak assessments see prior to the Great Recession.

NAHB/Wells Fargo Home Builder Sentiment: January 2015

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity went flat in January with the composite HMI index remaining at 57 while the "buyer traffic" index declined to a level of 44 from 46 in the prior month.

Overall, conditions for new home construction appear to have softened some recently and still remain below the peak assessments see prior to the Great Recession.

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

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity worsened in January with the composite HMI index falling to 56 while the "buyer traffic" index declined to a level of 40.

It's important to note that while the last few months results have suggested a pullback of sorts for home builder activity, the latest trend has been very strong and consistent with the overall recovery seen in the nation's housing markets.

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 March 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assesments of housing activity declined in March with the composite HMI index falling to 44 while the "buyer traffic" index inscreased to 35.

It's important to note that March continued to show 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 January 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assesments of housing activity went flat in January with the composite HMI index remaining at 47 while the "buyer traffic" index improved slightly to 37, a level not seen since early 2006.

It's important to note that January has continued to show a slight pullback 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 explination 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 March 2012

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing a flattening of most measures in March with the composite HMI index remaining unchanged at 28 while the "buyer traffic" index stayed put at 22.

While all indicators have made notable increases as of late, it's important to note that conditions still remain distressed by historic standards though, the last few months results appears to indicate a major change in the builder sentiment.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings December 2011

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that all measures increased in December with the composite HMI index climbing to 21 while the "buyer traffic" index climbed from record lows to 19, the highest level seen since May 2008, as home builders continue to plod through the weakest activity seen in generations.

While all indicators made notable increases in November, it's important to note that conditions still remain epically distressed by historic standards.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings February 2011

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing a flattening for most measures with the "buyer traffic" index remaining near record lows as home builders continue to plod through the weakest activity seen in generations.

It's important to recognize that currently the HMI index is showing a slight year-over-year decline and still remains very near the lowest levels seen in over 20 years, a testament to the significance of the latest pullback.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings August 2010

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing a continued pullback or flattening for all measures as home builders continue to downwardly adjusted their outlook in the wake of the home "buyer" tax credit expiration.

It's important to recognize that currently each sentiment index shows notable year-over-year declines with each still sitting near the lowest levels seen in over 20 years, a testament to the significance of the latest pullback.

Further, the "buyer traffic" index is showing the weakest results pulling back some 37.5% since August of 2009 and sitting just 3 points above the lowest level ever recorded while assessments of future activity appear to be on a similar "wipe-out" trend.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.