The Canadian Home Builders’ Association (CHBA) released its Housing Marketing Index (HMI) for Q2 2024 today, revealing a “broadly negative” home builder sentiment. Nationally, builder sentiment was negative for the eighth consecutive quarter, even lower than in Q1 2024.

Builder confidence is gleaned from CHBA’s HMI for single-family and multi-family builders, which “assesses current selling conditions, expectations for selling conditions over the next six months, and the level of sales office traffic,” essentially indicating how many homes we can expect to be built in the coming months, and beyond.