HMI

In the midst of a stretched housing market, the U.S. NAHB/Wells Fargo Housing Market Index (HMI) saw a sharp rise of 5.0 points, which beat expectations, landing at 50.0 in May. It’s the highest level since July 2022, suggesting a fresh wave of confidence in new home construction. What Is the...

The housing market is still quite depleted, as reflected in a disappointing drop in the NAHB/Wells Fargo Housing Market Index (HMI) caused by declining consumer confidence from both buyers and sellers. In order to save money and hopefully cut losses, many home owners are avoiding realtors and are...