The NAHB Wells Fargo Home Builder’s Index Is Sinking Spectacularly – Mish Talk

I created the above chart from a data download courtesy of the National Association of Home Builders and Wells Fargo,

The NAHB/Wells Fargo Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.



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