NAHB Homebuilder Confidence Index Rises in May 2026
The NAHB/Wells Fargo Housing Market Index rose by three points in May, reaching a reading of 37 after hitting an seven-month low the previous month. Despite this modest improvement, homebuilder confidence remains below the 50-point threshold for optimism due to high mortgage rates and economic uncertainty from the war in Iran.
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Topics: economic impact homebuilder confidence housing market mortgage rates