US Homebuilder Sentiment Edges Up 1 Point to 35 as High Costs Restrain Housing
Updated
Updated · Realtor.com News · Aug 17
US Homebuilder Sentiment Edges Up 1 Point to 35 as High Costs Restrain Housing
3 articles · Updated · Realtor.com News · Aug 17
Summary
The NAHB/Wells Fargo Housing Market Index rose 1 point to 35 in August, showing only a slight improvement in US builder sentiment.
Elevated construction costs and high borrowing costs continued to weigh on the housing market, limiting any stronger rebound in confidence.
At 35, the index remains well below the 50 threshold that separates positive from negative views, meaning more builders still see conditions as poor than good.
Builder sentiment has now stayed below 50 since May 2024, underscoring the sector's prolonged weakness despite the latest uptick.