The sentiment of construction firms in the U.S. single-family housing market has been negative since September 2023, after improving significantly by July 2023. That was according to a monthly index that measures the sentiment among home builders in the United States. The index reflected a negative mood in the housing industry, as the sentiment was below 50 percent except in March and April 2024. As of November 2024, the index stood at 46, still higher than the negative value in late 2023, despite the recent decline.
Sentiment in the single-family construction market in the United States from January 2000 to November 2024
NAHB members; Index can range from 0 to 100, 50 is a midpoint between positive and negative responses, with figures over 50 indicating a generally positive sentimes whereas an index below 50 is generally negative.
Method of interview
Panel survey
Supplementary notes
The NAHB/Wells Fargo HMI is a weighted average of three separate component indices: Present Single-Family Sales, Single-Family Sales for the Next Six Months, and Traffic of Prospective Buyers. Each month, a panel of builders rates the first two on a scale of “good,” “fair” or “poor” and the last on a scale of “high to very high,” “average” or “low to very low”. An index is calculated for each series by applying the formula “(good – poor + 100)/2” or, for Traffic, “(high/very high – low/very low + 100)/2”. Each resulting index is first seasonally adjusted, then weighted to produce the HMI. The weights are .5920 for Present Sales, .1358 for Sales for the Next Six Months, and .2722 for Traffic.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
National Association of Home Builders. (November 18, 2024). Sentiment in the single-family construction market in the United States from January 2000 to November 2024 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/
National Association of Home Builders. "Sentiment in the single-family construction market in the United States from January 2000 to November 2024." Chart. November 18, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/
National Association of Home Builders. (2024). Sentiment in the single-family construction market in the United States from January 2000 to November 2024. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/
National Association of Home Builders. "Sentiment in The Single-family Construction Market in The United States from January 2000 to November 2024." Statista, Statista Inc., 18 Nov 2024, https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/
National Association of Home Builders, Sentiment in the single-family construction market in the United States from January 2000 to November 2024 Statista, https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/ (last visited December 30, 2024)
Sentiment in the single-family construction market in the United States from January 2000 to November 2024 [Graph], National Association of Home Builders, November 18, 2024. [Online]. Available: https://www.statista.com/statistics/1240495/single-family-homebuilder-sentiment-usa/
