Builder Confidence Takes a Stumble – NMP Skip to main content

Builder Confidence Takes a Stumble

Jul 18, 2016
Home builders are slightly less confidence about the market for newly built, single-family homes, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)

Home builders are slightly less confidence about the market for newly built, single-family homes, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which dropped to a 59 level in July from a 60 reading last month.

All three HMI components fell this month: a one point dip for the components measuring current sales expectations and buyer traffic—to 63 and 45, respectively—and a three-point fall for the component measuring sales expectations in the next six months, which is now at 66. However, the three-month moving averages for regional HMI scores were unchanged in the Northeast, Midwest and South at 39, 57 and 61, respectively, while the West upticked one point higher to 69.

NAHB Chief Economist Robert Dietz was not concerned over the lack of increased HMI confidence. “The economic fundamentals are in place for continued slow, steady growth in the housing market,” said Dietz. “Job creation is solid, mortgage rates are at historic lows and household formations are rising. These factors should help to bring more buyers into the market as the year progresses.”

About the author
Published
Jul 18, 2016
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026