U.S. Home Builder Sentiment Falls to Seven-Month Low in April
U.S. home builder sentiment dropped to a seven-month low in April, according to the NAHB survey, driven by rising material costs, higher mortgage rates, and economic uncertainty linked to the war with Iran. The National Association of Home Builders/Wells Fargo Housing Market Index fell to 34, the lowest since September 2025. The decline follows a record low in consumer sentiment and a drop in existing home sales.
Topics: Consumer Confidence Homebuilder Sentiment Housing Market Iran War Impact Mortgage Rates