Published: 2026-04-15T15:07:19.000Z
U.S. April NAHB Homebuilders Index - Higher mortgage rates biting
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April’s NAHB homebuilders’ index of 34 is down from 38 in March and the lowest since September. It appears that higher mortgage rates as the oil shock reduced expectations for Fed easing are having an impact.
Weekly MBA house purchase data did lose some momentum in late March. New home sales may recover from a very weak January in February/March data which will come as a joint release on May 5 but renewed weakness is a risk for Q2.
All three components of the NAHB index slipped, with the sharpest fall coming from 6-month expectations.
