Builder confidence in the newly built single-family homes sector fell four points in April to 34, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is the lowest reading since September 2025.
For 62% of builders, the hit in confidence is partly because of increased building material costs due to higher fuel prices, the report says.
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty,” NAHB Chairman Bill Owens, a home builder and remodeler from Worthington, Ohio said. “The year started with hopes for housing momentum growth, but risks with respect to the Iran war, energy costs and declines for consumer confidence have slowed the market.”
Read the full report here.
