Builder Confidence Index November 2022

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On November 16, 2022, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes declined five points to 33 points in November of 2022 from 38 points in October of 2022.

The HMI component charting present sales conditions down six points to 39 points, the HMI buyer traffic lower five points to 20 points, and the HMI sales expectations index decreased four points to 31 points in November of 2022.

The three-month moving averages for regional HMI scores, South dropped seven points at 42 points, the West fell five points to 29 points, Northeast declined six points at 41 points, Midwest lost two points to 38 points in November of 2022.

NAHB Chief Economist Robert Dietz, stated “To ease the worsening housing affordability crisis, policymakers must seek solutions that create more affordable and attainable housing. With inflation showing signs of moderating, this includes a reduction in the pace of the Federal Reserve’s rate hikes and reducing regulatory costs associated with land development and home construction.”

For complete more detailed information about NAHB Builder Confidence Index for November of 2022, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (14)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

This is an excellent post with great information. Thanks for sharing it. 

Have a super fantastic week! Bill Salvatore with AEP

Dec 01, 2022 06:03 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Locally the largest home builder here in Mohave County laid off half of its construction crew.

Dec 01, 2022 06:04 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John - it is looking very similar with builders that I have seen.

Dec 01, 2022 06:49 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and have a wonderful day!

Dec 01, 2022 07:19 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John I like your blog that you share with us today in the Rain.  Make it a great day!

 

Dec 01, 2022 07:21 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have an outstanding December.

Dec 01, 2022 07:29 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bill Salvatore - East Valley you are welcome, and glad you find the post very valuable and informative. Thanks you, and have a super fantastic week too. Thanks for the comment.

Dec 01, 2022 04:19 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Leanne Smith it is sad to know the largest home builder in Mohave County laid off half of its construction crew, currently the market is slow for new construction. Thanks for the comment.

Dec 01, 2022 04:21 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Grant Schneider you are right, it is looking very similar with builders you have seen and other areas. Thanks for the comment. 

Dec 01, 2022 04:23 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very helpful. Have a wonderful day too! Thanks for the comment.

Dec 01, 2022 04:24 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm glad you like my blog that I share with everyone today in the Rain. Thank you, and make it a great day too. Thanks for the comment.

Dec 01, 2022 04:25 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Roy Kelley you are very welcome, and glad you find this report very helpful. Thank you, and have an outstanding December too. Thanks for the comment.

Dec 01, 2022 04:27 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

To be honest, I enjoy seeing the builders struggle, they certainly deserve it based on how greedy they always are.

Dec 02, 2022 05:16 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Brian England it is interesting that you enjoy builders struggle. It is true that sometimes some builders are greedy. Thanks for the comment.

Dec 02, 2022 03:08 PM