Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The decline in April was the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012. It is also the first time…
Read MoreTag: builder confidence
NAHB Economist Addresses Housing Market
Despite growing housing affordability concerns, builder confidence in the single-family market remains solid, according to National Association of Home Builders (NAHB) Chief Economist Robert Dietz. The NAHB/Wells Fargo Housing Market Index came in at a level of 67 in August, a one-point drop from last month. This matched the relatively flat pace of construction in July, with total housing starts up less than…
Read MoreBuilder Confidence Rises Two Points in August
Builder confidence in the market for newly built, single-family homes rose two points to 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August. This third consecutive monthly gain brings the index to its highest level since January.
Read MoreBuilder Confidence Rises Four Points in June
Builder confidence in the market for newly built, single-family homes rose four points in June to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It remains one point shy of the threshold for what is considered good building conditions.
Read More