US Homebuilder Sentiment Beats Forecasts

The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, fell to 35 in June 2026, down from 37 in May and slightly below market expectations of 36. Within the report, current sales conditions declined by two points to 38, while sales expectations for the next six months remained unchanged at 45. Buyer traffic also held steady at a weak level of 25, signaling persistently soft demand. The survey also highlighted continued reliance on pricing strategies. 35% of builders reported cutting prices in June, up from 32% in May. The average price reduction remained at 6%, unchanged month-over-month. In addition, the use of sales incentives ticked up to 62% from 61%, marking the 15th consecutive month that more than 60% of builders have offered incentives to attract buyers.

The NAHB/Wells Fargo Housing Market Index in the US, which measures builder confidence in the market for newly built single-family homes, rose to 37 in May 2026 from 34 in April which was its lowest level since September 2025, and came in above forecasts of 35. The current sales conditions rose three points to 40. Sales expectations in the next six months increased three points to 45 and traffic of prospective buyers posted a three-point gain to 25. Also, 32% of builders cut prices in May, down from 36% in April. The average price reduction was 6%, up from the 5% figure in April.

The NAHB/Wells Fargo Housing Market Index in the US which measures builder confidence in the market for newly built single-family homes, fell to 34 in APril 2026, the lowest since September 2025 from 38 in MArch and compared to forecasts of 37. Current sales conditions fell four points to 37. Sales expectations in the next six months dropped seven points to 42 and traffic of prospective buyers posted a three-point decline to 22. Meanwhile, 36% of builders cut prices in April, down slightly from 37% in March. The average price reduction was 5%, down from 6% in the previous month. The use of sales incentives was 60%, down from 64% in March, and marking the 13th consecutive month this share has reached 60% or higher.