US Homebuilder Sentiment Down in July

2026-07-16 14:06 By Joana Taborda 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, edged down to 34 in July 2026 from 36 in June and below forecasts of 35.

Current sales conditions fell one point to 37.

Sales expectations in the next six months dropped two points to 43 and the gauge for traffic of prospective buyers posted a two-point decline to 23.

Meanwhile, there were signs of market cooling.

37% of builders cut prices in July, up from 35% in June and 32% in May.

The average price reduction was 6% in July, the same rate as the previous month.

The use of sales incentives was 63%, up slightly from 62% in June, and marking the 16th consecutive month this share has reached 60% or higher.



News Stream
US Homebuilder Sentiment Down in July
The NAHB/Wells Fargo Housing Market Index (HMI), which tracks US homebuilder confidence in the market for newly built single-family homes, edged down to 34 in July 2026 from 36 in June and below forecasts of 35. Current sales conditions fell one point to 37. Sales expectations in the next six months dropped two points to 43 and the gauge for traffic of prospective buyers posted a two-point decline to 23. Meanwhile, there were signs of market cooling. 37% of builders cut prices in July, up from 35% in June and 32% in May. The average price reduction was 6% in July, the same rate as the previous month. The use of sales incentives was 63%, up slightly from 62% in June, and marking the 16th consecutive month this share has reached 60% or higher.
2026-07-16
US Homebuilder Confidence Weakens in June
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.
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US Homebuilder Sentiment Beats Forecasts
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.
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