NAHB: Builder Confidence Increased to 78 in August, Ties Record High

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 78, up from 72 in July. Any number above 50 indicates that more builders view sales conditions as good than poor.

Note: This was released early.

NAHB HMI Click on graph for larger image.

This graph show the NAHB index since Jan 1985.

This was above the consensus forecast.

Housing and homebuilding have been one of the best performing sectors during the pandemic.

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