The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) report for April shows that builder confidence slipped by two points to a rating of 42 from the March reading of 44. The Housing Market Index (HMI) measures home builder confidence in market conditions for newly built single family homes. A reading of more than 50 indicates better than average confidence, while readings below 50 indicate that home builders have concerns about current market conditions. NAHB Housing Market Index Results For April Home builders expressed concern over a gap between a growing … [Read more...]