NAHB Builder Confidence Rises to 35 in August 2026

The Housing Market Index rose to 35 in August but stayed below positive builder conditions due to high borrowing costs, construction expenses, and uneven buyer demand. Single-family sales conditions remain restrained, with 35% of builders reducing prices by an average of 6%. Regional sentiment varies, with the Midwest strongest and the South and West weaker. Smaller markets and custom homebuilding show better conditions than larger metro areas and speculative building.