Home Builder Sentiment Falls Every Month During 2022 Reaching Lowest Level Since Beginning of COVID

By Dennis Norman, on December 19th, 2022

The National Association of Home Builders (NAHB) released their NAHB/Wells Fargo Housing Market Index (HMI) report for December 2022 and, not surprisingly, it shows the builders are continuing to lose confidence in the market.  In fact, builder sentiment has dropped every month during 2022, ending the year at an index value of 31, the lowest seen since the onslaught of COVID-19 in April 2020.

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NAHB/Wells Fargo Housing Market Index (HMI) / Builder Sentiment Chart

(click on chart for live, interactive chart)

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