Live Updates > Live Update Details
2026-07-16 22:40:12
[US Homebuilder Confidence Falls Again to Lowest Level This Year] US homebuilder confidence fell for the second consecutive month to its lowest level this year, dragged down by high borrowing costs and rising material and land prices. Data released Thursday by the National Association of Home Builders (NAHB) and Wells Fargo showed the market conditions index fell 2 points to 34 in July. Economists had expected 35. A reading below 50 indicates that more builders believe market conditions are poor than good. The index has been below 40 for 15 consecutive months, the longest streak since 2012. NAHB Chief Economist Robert Dietz stated in a press release, “Affordability remains the primary challenge facing the homebuilding industry. High mortgage rates, high land costs, rising building material prices, and a continued shortage of skilled labor continue to impact the market.” The confidence index has three components: current sales, expected sales, and foot traffic. All three sub-indices declined in July.
