Published: 2026-07-16T14:15:37.000Z
U.S. June Pending Home Sales and July NAHB Homebuilders' Index both weaker
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The latest data suggests some weakness in the housing sector as rising inflation worries put upward pressure on mortgage rates, with slippage in June pending home sales and July’s NAHB homebuilders’ index.
A steep 5.4% dip in pending home sales corrects four straight gains from a record low seen in January. Pending home sales had run ahead of existing home sales which they are designed to predict and were due for a fall.
The NAHB index of 34 compares to 36 in June and 37 in May, and has returned to April’s level. All three components, current sales, six month expectations and buyers traffic slipped. The data suggests new home sales will remain subdued.
