Builder Confidence Down From Record High – NMP Skip to main content

Builder Confidence Down From Record High

Apr 17, 2017
Builder confidence in the market for newly-built single-family homes took a dip

Builder confidence in the market for newly-built single-family homes took a dip, falling three points to a level of 68 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) after reaching a 12-year high in March.
 
All three HMI components dropped from March to April: the component gauging current sales conditions fell three points to 74, the index following sales expectations in the next six months fell by three points to 75, and the component measuring buyer traffic took a one point downturn to 52. Looking at the three-month moving averages for regional HMI scores, the West and Midwest increased by one point to 77 and 68, respectively, while the South held steady at 68 and the Northeast dropped by two points to 46.
 
“Even with this month’s modest drop, builder confidence is on very firm ground, and builders are reporting strong interest among potential home buyers,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

 
About the author
Published
Apr 17, 2017
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026