NAHB/Wells Fargo Home Builder Sentiment: February 2017

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 February with the composite HMI index falling to 65 while the "buyer traffic" index declined notably to a level of 46.

NAHB/Wells Fargo Home Builder Sentiment: April 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 April with the composite HMI index remaining flat at 58 while the "buyer traffic" index improved to a level of 44.

Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings January 2015

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity declined in January with the composite HMI index falling slightly to 58 from 61 the prior month while the "buyer traffic" index declined to 39.

NAHB/Wells Fargo Home Builder Sentiment: February 2015

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity declined in February with the composite HMI index falling to 55 while the "buyer traffic" index declined to a level of 39 from 44 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 August 2014

Recently, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity improved notably in August with the composite HMI index climbing to 55 from 53 the prior month while the "buyer traffic" index rose to a level of 42.

Looking at the data, its pretty clear that while there was a bit of a pullback in activity earlier in the year, homebuilder sentiment and, in particular, assessments of buyer activity have improved.

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

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity went flat in April with the composite HMI index climbing to 47 from 46 the prior month while the "buyer traffic" index remained unchanged at a level of 32.

The recent pullback has been notable 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 November 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity went flat in November with the composite HMI index remaining at 54 while the "buyer traffic" index slumped to a level of 42.

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 October 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assessments of housing activity eased in October with the composite HMI index falling to 55 while the "buyer traffic" index slumped to a level of 44.

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 April 2013

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that assesments of housing activity declined in April with the composite HMI index falling to 42 while the "buyer traffic" index declined to 30.

It's important to note that April continued to show a generally weakening trend, 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 2012

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that all measures increased in January with the composite HMI index climbing to 25, the highest level seen since mid-2007, while the "buyer traffic" index climbed to 21.

While all indicators made notable increases in January, it's important to note that conditions still remain 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 November 2011

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that all measures increased in November with the composite HMI index climbing to 20 while the "buyer traffic" index remained near record lows 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 at epically distressed levels.

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 September 2011

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that all measures declined in September with the composite HMI index falling to 14 while the "buyer traffic" index remained near record lows as home builders continue to plod through the weakest activity seen in generations.

It's interesting to note that assessments of future conditions appears to be trending back down to series lows apparently indicating that respondents are growing more pessimistic about future conditions.

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