The National Association of Home Builders/Wells Fargo Housing Market Index rose four points to 62 in February. For the second consecutive month, home builders cited declining mortgage rates among the chief reasons for the increase. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 58 in January, up two points from December and rebounding from the lowest reading in three years. Home builders cited declining mortgage rates among the chief reasons for the increase. “The gradual decline in mortgage rates in recent weeks helped to sustain builder

The National Association of Home Builders/Wells Fargo Housing Market Index fell to 56 in December, four points below November’s reading. This is the lowest reading since May 2015. “We are hearing from builders that consumer demand exists, but that customers are hesitating to make a purchase because of rising home costs,” said NAHB Chairman Randy

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 68 in October, one point above September’s reading. “Builders are motivated by solid housing demand, fueled by a growing economy and a generational low for unemployment,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Builders are also relieved that

The National Association of Home Builders/Wells Fargo Housing Market Index stood at 67 in September, unchanged from August’s reading. “Despite rising affordability concerns, builders continue to report firm demand for housing, especially as millennials and other newcomers enter the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “The recent decline

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 68 in August, a four point increase from June’s reading. “Our members are encouraged by rising demand in the new-home market,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This is due to ongoing job and economic growth,

The National Association of Home Builders/Wells Fargo Housing Market Index slowed to 64 in July, a two point decrease from July’s downwardly revised reading of 66. “Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This