US Homebuilder Confidence Weakens in June
2026-06-15 14:18
By
Joana Ferreira
1 min. read
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.