Published: 2026-05-18T14:11:00.000Z
U.S. May NAHB Homebuilders Index - Still little direction in trend
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May’s NAHB homebuilders’ index of 37 has seen a stronger than expected correction from April’s dip to 34, but remains slightly below March’s index of 38 if level with those of January and February.
Housing data recently has been mostly subdued, but with little real direction, and this data suggests that we should not be too concerned over fading hopes for Fed easing triggering a significant downturn in housing sector data in Q2.
All three components of the NAHB index, current sales, future sales, and buyer traffic, were, like the headline, up by 3 points from their April levels. Buyers traffic fully reversed its April dip but 6-month expectations saw only a partial correction from a 7 point April dip.
