All three HMI components reportedly registered losses in July, but are still in solid territory.
July 25, 2017
Builder confidence in the market for newly built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
All three HMI components posted losses in June but remain at healthy levels.
June 26, 2017
Builder confidence in the market for newly built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Multi-family starts fell 9.2% to a seasonally adjusted annual rate of 337,000 units, while single-family production remained essentially unchanged.
May 25, 2017
Nationwide housing starts fell 2.6% in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
The Leading Market Index (LMI) shows that markets in 183 of the approximately 340 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the first quarter of 2017.
May 17, 2017
Based on current price, permit and employment data, markets nationwide are running at an average of 100% normal economic and housing activity, according to the recently released National Association of Home Builders/First American Leading Markets Index (LMI).