Published: 2025-07-17T14:17:41.000Z
U.S. June NAHB Homebuilders Index - Slightly higher but still weak
Senior Economist , North America
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July’s NAHB homebuilders’ index has seen a modest correction higher to 33 from June’s 32 which was the weakest since December 2022, but still leaves a subdued picture, suggesting limited near term upside scope or new home sales.
The detail shows the largest rise in 6-month expectations, by 3 points to 43, with current sales up only 1 point to 36 and buyer traffic falling by 1 point to 20, its lowest since December 2022.
Elevated mortgage rates and Fed reluctance to ease implies a subdued outlook for the housing sector, though the marginal increase in the NAHB index, though the latest week did see a significant correction lower.
