Published: 2025-10-16T14:10:38.000Z
U.S. October NAHB Homebuilders Index - Housing responding to lower mortgage rates
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October’s NAHB homebuilders’ index of 37 is up significantly from two months at 32 and the highest level since April, if still quite weak. This suggests recent falls in mortgage rates as the Fed resumes easing are having some impact on the housing market.
The rise follows gains in recent weekly data from the Mortgage Bankers Association house purchase index, and gains in August pending home sales and particularly impressively August new home sales.
The increase was broad based, though future sales at 54 from 45 saw the strongest increase of the three components. Currents ales and buyer traffic both saw more moderate gains of 4 points.
