On February 17, 2021, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes increased one point to 84 points in February of 2021 from 83 points in January of 2021.
The HMI component charting buyer traffic gained four points to 57 points, the HMI present sales conditions unchanged at 90 points, and the HMI sales expectations index down three points 80 points in February of 2021.
The three-month moving averages for regional HMI scores, Northeast higher two points to 78 points, Midwest lower one point to 81 points, South decreased two points to 84 points, the West dropped two points to 93 points in February of 2021.
NAHB Chief Economist Robert Dietz, stated “Some builders are at capacity and may not be able to expand production due to these headwinds.”
For complete more detailed information about NAHB Builder Confidence Index for February of 2021, please HERE