February’s NAHB homebuilders’ index has seen a significant slowing to 42 from 47, a break from a recently rising trend which is probably connected to fading expectations for Fed easing.
All three components of the index slipped, though future expectations did so particularly sharply, to 46, the lowest since December 2023, from 59 in January.
Current sales fell to 46 from 51 while buyers traffic fell to 29 from 32.