Housing Confidence Index™

The U.S. Housing Confidence Index™ (HCI) was developed by Pulsenomics to effectively monitor and concisely communicate the pulse of U.S. real estate markets nationally, regionally, and at individual metropolitan area levels.

The HCI data set is comprised of more than 750 time series that summarize millions of household attitudinal indicators pertinent to local real estate market conditions, home value and affordability expectations, homeownership aspirations, and more.

HCI Data

Dashboard Menu

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Homeowner Confidence Infographics

Homeowner Infographics

Select a market, and then view:

Index levels and trends

        • Housing Confidence
          • Market Conditions
          • Expectations
          • Homeownership Aspirations
        • Transaction Sentiment

Home Value Expectations

        •   Short-term & Long-term

Home Improvements

        • Project Plans -- Timing -- Financing
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Renter Confidence Infographics

Renter Infographics

Select a market, and then view:

Index levels and trends

        • Housing Confidence
          • Market Conditions
          • Expectations
          • Homeownership Aspirations
        • Home-Buying Sentiment

Home-Buying Expectations

        • Timing
        • Affordability & Investment Value

Desired Home Features

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Housing Attitudes Explorer

Attitude Explorer

Analyze response data from the U.S.

Housing Confidence Survey

Discover and compare prevailing sentiments and multi-year attitudinal trends by:

  • Metro market
  • Tenure (e.g., renters, owners)
  • Generation (e.g., millennials)
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Home Value Expectations

Home Value Expectations

Select a geographic market and generation category...  then:



  • Changes and trends in residents' short-term expectations for local market home values
  • Future home prices implied by residents' long-term expectations for local home values
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Index Analyzer (HCI)

Index Analyzer (HCI)

View and compare index trends for any combination of markets

  • Index drill-down: view sub-index gauges and drivers
  • Transaction sentiment
  • Home value expectations
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Index Tabulator

Index Tabulator

Create a customized index table

Select, sort, and compare:

  • Index levels
  • Point changes
  • Metro area rankings

Metro Area Rankings

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Housing Confidence

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Homeowner Confidence

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Renter Confidence

This unique index set is derived from response data collected in the Pulsenomics U.S. Housing Confidence Survey(HCS)the most expansive opinion research study of its kind. Each HCI update is produced using more than one million data points, compiled from more than 15,000 survey questionnaires completed by heads of household across the United States.

The scale, depth and quality of these data enable production of high-resolution indexes: HCIs are produced for individual tenure categories (i.e., homeowner households and renter households), a variety of geographic strata (nationwide, individual regions and metropolitan areas), and demographic profiles (e.g., millennials).    

HCI (and HCI sub-indexes) systematically quantify and track over time key attitudes that can confirm or foreshadow important changes in real estate market dynamics. HCI summarize: 

  • Household assessments of the condition of their local real estate market
  • Short- and long-term expectations for future home value changes and home affordability
  • Aspirations for homeownership

HCI Documentation

Transaction Sentiment Index™

The Transaction Sentiment Index (TSI) systematically scores and tracks home-buying and home-selling mindsets of heads of household across the United States.

It is the only measure of its kind that does so by tenure category (i.e., renters, owners) and generation (e.g., millennials)--and at national, regional, and metro area levels. Pulsenomics maintains and updates hundreds of TSI series using data compiled in the biannual U.S. Housing Confidence Survey TM (HCS).

TSI is composed of a pair of complementary data series, i.e., The Home Buying Sentiment Index TM (BSI) and The Home Selling Sentiment Index TM (SSI). As the highest-resolution barometer of prevalent home-buying and home-selling attitudes, TSI provides valuable context and unique insight concerning related market metrics, such as for-sale inventory levels, transaction volume, home value trends, and housing confidence.

TSI Data


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Index Analyzer

Index Analyzer

View and compare home-buying and home-selling sentiment for any combination of...

  • Metro areas
  • Tenure categories (homeowners, renters, all households)
  • Generation categories

Metro Area Rankings

TSI Documentation