Tracking homebuilder sentiment is crucial for understanding the health of the housing market. One of the most reliable tools for this purpose is the NAHB/Wells Fargo Housing Market Index (HMI), which provides a detailed view of builder confidence and overall market conditions. The HMI captures the perceptions of single-family homebuilders and serves as a vital indicator for future housing trends. Plymouth Title Guaranty explains the HMI, how it’s measured, and the key factors influencing builder sentiment, offering a comprehensive look at the dynamics shaping the housing market.