Homebuilder Confidence is Higher Than a Year Ago
The NAHB/Wells Fargo Housing Market Index (HMI) dropped down to 83 points in January 2021, but remains higher than a year ago. In January 2020, the NAHB/Wells Fargo Housing Market Index (HMI) was recorded at 75 points.
The NAHB/Wells Fargo Housing Market Index (HMI) is conducted monthly, and surveys NAHB members in order to get a better understanding of the single-family housing market. Specifically, the survey asks members to consider market conditions in the present and well as the next 6 months in order to better understand how the homebuilding industry views potential traffic of new homes.
Read More: https://www.nahb.org/news-and-economics/housing-economics/indices/Housing-Market-Index