Skip to main content

Builders Are Really, Really Confident in Housing

May 15, 2017
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May, the second highest reading since the 2008 downturn.
 
Two of the three HMI components were up this month: The index charting sales expectations in the next six months jumped four points to 79 and the index gauging current sales conditions increased two points to 76. But the component measuring buyer traffic dipped by one point to 51. The three-month moving averages for HMI scores posted gains in three out of the four regions: the Northeast and South each took three-point gains to hit 49 and 71, respectively, while the West rose one point to 78. The Midwest was unchanged at 68.
 
“This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. 

 
About the author
Published
May 15, 2017
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025