• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

NAHB Housing Market Index: “Builder Confidence Slips A Point, Remains In Solid Territory”

By Kurt Osterberg · On April 16, 2018

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook.

The latest reading of 69, down 1 from last month’s number, came in below the Investing.com forecast of 71.

Here is the opening of this morning’s monthly update:

Builder confidence in the market for newly built single-family homes edged down one point to 69 in April on the NAHB/Wells Fargo Housing Market Index (HMI) but remains on firm ground.

“Strong demand for housing is keeping builders optimistic about future market conditions,” said NAHB Chairman Randy Noel. “However, builders are facing supply-side constraints, such as a lack of buildable lots and increasing construction material costs. Tariffs placed on Canadian lumber and other imported products are pushing up prices and hurting housing affordability.” [link to report]

Here is the historical series, which dates from 1985.

The HMI correlates fairly closely with broad measures of consumer confidence. Here is a pair of overlays with the Michigan Consumer Sentiment Index (through the previous month) and the Conference Board’s Consumer Confidence Index.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    The Key to Continuing Productivity at Home

  • Finance

    Why Businesses Fail to Solve the Right Problem

  • Finance

    How to Track Business Expenses (And Why You Shouldn’t Put It Off)

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • The Key to Continuing Productivity at Home

    The Key to Continuing Productivity at Home

    January 27, 2021
  • Why Businesses Fail to Solve the Right Problem

    Why Businesses Fail to Solve the Right Problem

    January 27, 2021
  • How to Track Business Expenses (And Why You Shouldn’t Put It Off)

    How to Track Business Expenses (And Why You Shouldn’t Put It Off)

    January 27, 2021
  • How to Get More Landing Page Engagement in 2021

    How to Get More Landing Page Engagement in 2021

    January 27, 2021
  • The Power of Renewal: How to Make This Year Better

    The Power of Renewal: How to Make This Year Better

    January 27, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.