ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

Home builder confidence stays positive in June

June 21, 2023
Reading Time: 1 min read

The National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased 5 points to 55 in June.

“Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Ala. “However, access for builder and developer loans has become more difficult to obtain over the last year, which will ultimately result in lower lot supplies as the industry tries to expand off cycle lows.”

“A bottom is forming for single-family home building as builder sentiment continues to gradually rise from the beginning of the year,” said NAHB Chief Economist Robert Dietz. “This month marks the first time in a year that both the current and future sales components of the HMI have exceeded 60, as some buyers adjust to a new normal in terms of interest rates. The Federal Reserve nearing the end of its tightening cycle is also good news for future market conditions in terms of mortgage rates and the cost of financing for builder and developer loans.”

All three major HMI indices posted gains in June. The HMI index gauging current sales conditions rose five points to 61, the component charting sales expectations in the next six months increased six points to 62 and the gauge measuring traffic of prospective buyers increased four points to 37.

Looking at the three-month moving averages for regional HMI scores, the, the Northeast edged up two points to 47, the Midwest increased four points to 43, the South moved three points higher to 55, and the West posted a five-point gain to 46.

Read the NAHB release.

Tags: NAHB index
ShareTweetPin

Related Posts

Senate bill would mandate discount window testing, modernization

FOMC minutes show division over December rate cut

Economy
November 19, 2025

The members of the Federal Open Market Committee expressed “strongly differing views” over whether to further trim the federal funds rate at its December meeting, according to minutes released of the committee’s October meeting.

Trump to nominate Miran for Fed board seat

Fed’s Miran warns against overregulation of the banking industry

Newsbytes
November 19, 2025

Policymakers should resist the urge to “overreact” in the wake of crisis, as they did following the 2008 financial crisis, Federal Reserve Governor Stephen Miran said.

FDIC’s Hill testifies on bank supervision during nomination hearing

Senate Banking Committee advances Hill nomination to be FDIC chair

Newsbytes
November 19, 2025

The Senate Banking Committee voted to advance the nomination of Travis Hill to be FDIC chairman. He is currently acting chairman of the agency.

CFPB claims ‘complex’ pricing drives up cost of financial products

Trump nominates CFPB director

Newsbytes
November 19, 2025

President Trump has nominated Stuart Levenbach to lead the CFPB, but a bureau spokesperson told Politico the nomination was a "technical" maneuver to allow OMB Director Russ Vought to continue leading the agency as acting director without a...

ABA urges FCC to combat illegal call spoofing

ABA, consumer group urge action by voice service providers to combat fraud

Compliance and Risk
November 19, 2025

ABA joined other industry trade groups and a consumer rights organization in urging the FCC to require voice service providers to take specific actions to shore up the existing call authentication framework to better protect consumers against fraud.

Fed releases agenda for upcoming conference on large bank capital requirements

Fed releases new principles for bank supervision

Compliance and Risk
November 18, 2025

The Federal Reserve released a set of new supervisory operating principles that instructs its bank supervisors to focus on material financial risks rather than “processes, procedures and documentation” that do not pose a threat to a bank’s safety...

NEWSBYTES

FOMC minutes show division over December rate cut

November 19, 2025

Fed’s Miran warns against overregulation of the banking industry

November 19, 2025

Senate Banking Committee advances Hill nomination to be FDIC chair

November 19, 2025

SPONSORED CONTENT

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

November 1, 2025
5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025

PODCASTS

Podcast: The Erie Canal at 200

November 6, 2025

Podcast: Why branches are top priority for PNC

October 23, 2025

Podcast: From tractors to drones, how farming tech affects ag lending

October 16, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.