The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, fell to 32 in September 2026, the lowest in a year, compared to 35 in August and forecasts of 34. Current sales conditions fell four points to 35, sales expectations in the next six months dropped six points to 37 while traffic of prospective buyers held steady at 23. Also, 38% of builders cut prices in September, up from 35% in August. source: National Association of Home Builders

Nahb Housing Market Index in the United States decreased to 32 points in September from 35 points in August of 2026. Nahb Housing Market Index in the United States averaged 51.15 points from 1985 until 2026, reaching an all time high of 90.00 points in November of 2020 and a record low of 8.00 points in January of 2009. This page provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States NAHB Housing Market Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Nahb Housing Market Index in the United States decreased to 32 points in September from 35 points in August of 2026. Nahb Housing Market Index in the United States is expected to be 34.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States NAHB Housing Market Index is projected to trend around 41.00 points in 2027 and 45.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-17 02:00 PM
NAHB Housing Market Index
Aug 35 34 33 34
2026-09-16 02:00 PM
NAHB Housing Market Index
Sep 32 35 34 34
2026-10-19 02:00 PM
NAHB Housing Market Index
Oct 32


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.26 6.09 percent Sep 2026
30-Year Mortgage Rate 6.95 6.76 percent Sep 2026
Average House Prices 508800.00 475400.00 USD Jul 2026
Average Mortgage Size 374.44 375.22 Thousand USD Jul 2026
Building Permits 1394.00 1433.00 Thousand Aug 2026
Building Permits MoM -2.70 4.30 percent Aug 2026
Case-Shiller Home Price Index 350.20 348.69 points Jun 2026
Case-Shiller Home Price Index MoM 0.40 0.90 percent Jun 2026
Case-Shiller Home Price Index YoY 2.10 1.60 percent Jun 2026
Construction Spending MoM -0.50 0.00 percent Jul 2026
Existing Home Sales 3980.00 4060.00 Thousand Aug 2026
Existing Home Sales MoM -2.00 -1.70 percent Aug 2026
Home Ownership Rate 65.00 65.30 percent Jun 2026
House Price Index MoM 0.00 0.30 percent Jun 2026
House Price Index YoY 2.30 2.40 percent Jun 2026
House Price Index 442.50 442.40 points Jun 2026
Housing Starts 1275.00 1309.00 Thousand units Aug 2026
Housing Starts MoM -2.60 -9.00 percent Aug 2026
Housing Starts Multi Family 344.00 444.00 Thousand units Aug 2026
Housing Starts Single Family 918.00 853.00 Thousand units Aug 2026
MBA Mortgage Market Index 230.80 240.60 points Sep 2026
MBA Mortgage Refinance Index 627.10 687.30 points Sep 2026
MBA Purchase Index 156.20 157.50 points Sep 2026
MBA Mortgage Applications -4.10 -2.70 percent Sep 2026
Mortgage Originations 504.64 529.80 Billion USD Jun 2026
MBA 30-Year Mortgage Rate 6.97 6.85 percent Sep 2026
NAHB Housing Market Index 32.00 35.00 points Sep 2026
Case-Shiller Single Family Home Price Index 331.89 331.02 points Jun 2026
New Home Sales 607.00 678.00 Thousand units Jul 2026
New Home Sales MoM -10.50 7.60 percent Jul 2026
Pending Home Sales YoY -4.70 -2.20 percent Aug 2026
Pending Home Sales MoM 0.30 -2.60 percent Aug 2026
Price to Rent Ratio 133.60 133.10 Dec 2024
Residential Property Prices 0.56 0.93 Percent Mar 2026
Existing Home Sales Prices 429100.00 436400.00 USD Aug 2026
Total Housing Inventory 1620.00 1570.00 Thousands Aug 2026


United States NAHB Housing Market Index
NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of home builders. They are asked to rate current sales of single-family homes and sales expectations for the next six months and to rate traffic of prospective buyers. Scores for responses to each component are used to calculate a seasonally adjusted overall index, where a number over 50 indicates more builders view sales conditions as good than poor.
Actual Previous Highest Lowest Dates Unit Frequency
32.00 35.00 90.00 8.00 1985 - 2026 points Monthly
SA

News Stream
US Homebuilder Sentiment Hits One-Year Low
The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, fell to 32 in September 2026, the lowest in a year, compared to 35 in August and forecasts of 34. Current sales conditions fell four points to 35, sales expectations in the next six months dropped six points to 37 while traffic of prospective buyers held steady at 23. Also, 38% of builders cut prices in September, up from 35% in August.
2026-09-16
US Homebuilder Sentiment Recovers in August
The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, inched up to 35 in August of 2026 from 34 in the previous month. The result contrasted with expectations that it would ease to 33. Current sales conditions rose by two points from the previous month to 39, while sales expectations over the next six months were unchanged at 43. Despite this, 35% of builders were forced to cut prices in August, down two percentage points from July. Among those, the average price reduction was 6%.
2026-08-17
US Homebuilder Sentiment Down in July
The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, edged down to 34 in July 2026 from 36 in June and below forecasts of 35. Current sales conditions fell one point to 37. Sales expectations in the next six months dropped two points to 43 and the gauge for traffic of prospective buyers posted a two-point decline to 23. Meanwhile, there were signs of market cooling. 37% of builders cut prices in July, up from 35% in June and 32% in May. The average price reduction was 6% in July, the same rate as the previous month. The use of sales incentives was 63%, up slightly from 62% in June, and marking the 16th consecutive month this share has reached 60% or higher.
2026-07-16