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Homebuilder sentiment June 2025 nears pandemic low

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers

Key Points

Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative.

Analysts had been expecting a slight improvement, given recent tariff negotiations and pullbacks by the Trump administration.

This index has only seen a lower reading than June’s level twice since 2012.

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