The NAHB/Wells Fargo Housing Market Index (2007 - Current)
NAHB produces the Housing Market Index (HMI), a weighted, seasonally adjusted statistic derived from ratings for present single-family sales, single-family sales in the next six months and buyers traffic. The first two components are measured on a scale of "good" "fair," and "poor," and the last one is measured on a scale of "high," "average," and "low."
A rating of 50 indicates that the number of positive or good responses received from the builders is about the same as the number of negative or poor responses. Ratings higher than 50 indicate more positive or good responses.
Housing Market Index (Seasonally Adjusted)
2008
2009
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
20
19
18
16
16
17
14
9
9
8
9
9
14
16
15
17
18
19
17
17
Housing Market Index Components (Seasonally Adjusted)
2008
2009
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Single-Family Sales: Present
18
17
17
15
16
17
14
9
8
6
7
8
12
14
14
16
16
18
17
17
Single-Family Sales: Next 6 Months
30
28
27
23
24
28
19
18
16
17
15
15
24
27
26
26
30
29
26
28
Traffic of Prospective Buyers
19
18
16
12
13
14
11
7
7
8
11
9
13
13
13
13
16
17
13
13
Source: NAHB/Wells Fargo, Builders' Economic Council (BEC) Monthly Surveys
NOTE:Revised data for Oct. '09 and Preliminary data for Nov. '09
