Housing Market Roughly Stable in February 2022

The NAHB states that the HMI “is designed to take the pulse of the single-family housing market.” Respondents rate current market conditions for the sale of new homes, forecast these conditions over the next six months, and assess the amount of traffic from prospective buyers of new homes. The HMI is a predictor of housing starts during the next six months. Each month, a panel of NAHB member builders rates the first two components (Present Single-Family Sales and Single-Family Sales for the Next Six Months) on a scale of “good,” “fair,” or “poor.”

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