What does the US NAHB Housing Market Index measure?

The US NAHB Housing Market Index measures builder confidence in the single-family housing market on a seasonally adjusted scale from zero to one hundred, based on survey responses from home builders.

How often is the US NAHB Housing Market Index published and how far back does it go?

It is published monthly by the National Association of Home Builders and Wells Fargo, with national historical data available since 1985 and regional data starting later.

What regional breakdowns are available in this data table?

The data table includes regional monthly indices for the Northeast, Midwest, South, and West regions of the United States.

How are the index components structured?

The index includes the composite HMI alongside specific components for single-family detached sales in the present, sales expectations for the next six months, and the traffic of prospective buyers.

US NAHB Housing Market Index

Name: US NAHB Housing Market Index
Creator: National Association of Home Builders / Wells Fargo
License: https://creativecommons.org/licenses/by/4.0/

US NAHB housing market index measures builder confidence in the single-family housing market.

Source: National Association of Home Builders / Wells FargoLast updated: Sep 21, 2026, 15:16Curated by Bui Thanh PhucAbout this data ↓

Indicator	09-2026	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023
Composite HMI	32	35	34	36	37	34	38	37	37	39	38	37	32	32	33	32	34	40	39	42	47	46	46	43	41	39	41	43	45	51	51	48	44	37	34	40	44
Single-family detached sales: Present	35	39	37	38	40	37	41	41	41	42	41	39	34	34	36	35	37	45	43	46	50	48	48	47	45	44	46	48	51	57	56	52	48	41	40	46	50
Single-family detached sales: Next six months	37	43	43	45	45	42	49	47	49	52	51	54	45	43	43	40	42	43	47	47	59	66	63	57	53	49	48	47	51	60	62	60	57	45	39	44	49
Traffic of prospective buyers	23	23	23	25	25	22	25	22	24	26	26	25	21	22	20	21	23	25	24	29	32	31	32	29	27	25	27	28	30	34	34	32	29	24	21	26	30
By Region4
Northeast	35	42	41	50	44	39	42	43	47	41	45	55	44	39	48	44	42	43	48	50	65	57	57	52	55	46	47	62	59	65	61	62	55	55	53	46	48
Midwest	41	45	45	45	45	39	45	41	42	47	40	42	41	42	43	39	40	43	38	43	44	48	48	43	41	38	39	40	50	50	49	38	35	35	31	37	38
South	29	33	31	31	36	34	36	35	35	35	37	35	29	29	29	30	32	38	39	41	47	49	42	43	40	39	43	43	45	50	52	50	49	39	35	43	48
West	29	28	26	27	27	26	31	30	34	36	34	31	26	27	25	22	27	36	34	35	42	39	39	44	41	37	37	38	37	48	45	47	38	29	28	36	42

Latest reading

Composite HMI stood at 32 in Sep 2026. That is −8.6% from Aug 2026 and unchanged from a year earlier. The series on this page is monthly and runs from Jan 1985 to Sep 2026. Source: National Association of Home Builders / Wells Fargo.

Latest: 32; Sep 2026
vs previous period: −8.6%; Aug 2026
vs a year earlier: 0.0%

About this data

US NAHB housing market index measures builder confidence in the single-family housing market. It includes the composite HMI, present sales, six-month expectations, prospective buyer traffic, and regional breakdowns. This monthly index is published by the National Association of Home Builders and Wells Fargo. Historical data are available since 1985.

Frequently asked questions

What does the US NAHB Housing Market Index measure?: The US NAHB Housing Market Index measures builder confidence in the single-family housing market on a seasonally adjusted scale from zero to one hundred, based on survey responses from home builders.
How often is the US NAHB Housing Market Index published and how far back does it go?: It is published monthly by the National Association of Home Builders and Wells Fargo, with national historical data available since 1985 and regional data starting later.
What regional breakdowns are available in this data table?: The data table includes regional monthly indices for the Northeast, Midwest, South, and West regions of the United States.
How are the index components structured?: The index includes the composite HMI alongside specific components for single-family detached sales in the present, sales expectations for the next six months, and the traffic of prospective buyers.