NAHB/Wells Fargo Housing Market Index

If you want the inside scoop on the housing market in your area, who would you talk to? How about home builders?

The NAHB/Wells Fargo Housing Market Index is a monthly survey of home builders. They get asked questions about their expectation of the housing market in the next six months, as well as the current sales of homes (not weird crazy mansion-homes, just regular, single-fam homes). NAHB is the National Association of Home Builders, btw.

Their answers to these questions about the housing market are converted to numbers. An overall score of over 50 means that more builders are optimistic than are pessimistic about the current and future housing market. The NAHB/Wells Fargo Housing Market Index is one of many economic indicators that can be used to gauge economic health and the real estate market. Economy. Canary. Mineshaft.