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: October 2016

This week, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally worsened in October with the composite HMI index falling to 63 while the "buyer traffic" index declined slightly to a level of 46.

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: May 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 for the fourth straight month in May with the composite HMI index remaining at 58 while the "buyer traffic" index went flat at a level of 44.

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.

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: 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: May 2015

Recently, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity declined in May with the composite HMI index falling to 54 while the "buyer traffic" index declined to a level of 39 from 40 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.

NAHB/Wells Fargo Home Builder Sentiment: March 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 March with the composite HMI index falling to 53 while the "buyer traffic" index declined to a level of 37 from 39 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.

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 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 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.