Builder Confidence Edges Up in July
Builder confidence rose slightly in July following the passage of the One Big Beautiful Bill Act, though elevated interest rates and affordability challenges continue to weigh on the housing market, according to the NAHB/Wells Fargo Housing Market Index. The overall builder sentiment index reached 33, up one point from June, marking the 15th straight month in negative territory, while nearly 40% of builders reported cutting prices. Regional confidence was mixed, with gains in the Northeast, a steady Midwest, and declines in the South and West.
