Home builder confidence saw a slight rise in July, moving from 32 to 33, according to the National Association of Home Builders. While this marks a small step in the right direction, it’s still well below the 50-point level that signals market growth – and continues a 15-month stretch of weak sentiment.
Among key indicators, buyer traffic reached its lowest point since 2022, though builders reported small improvements in both current and expected future sales.
What’s the bottom line?
Builders remain cautious due to high interest rates and ongoing economic uncertainty, both of which continue to dampen confidence and limit activity.