US NAHB housing market index
Prior was 56
Prospective buyers 44 vs 43 prior
Current single-family home sales 63 vs 61
Home sales over next six months 64 vs 61 prior
It's a long way to climb back to where the index was a year ago. Tariffs and high rates put a major dent into home builder sentiment in the past year.
"The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment," said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. "Low unemployment, solid job growth and favorable demographics should support housing demand in the coming months."
