Survey: Home Builder Sentiment Rises in August but Still Weak Overall

This August, U.S. home builder sentiment inched up to 35—not exactly a surge, but a step in the right direction. The reality? Economic uncertainty, high mortgage rates, rising construction costs, and those ever-climbing fuel prices are all making it tough out there for builders and buyers alike. Many builders are responding with price cuts in the face of limited inventory and ongoing affordability concerns. In Chicago’s western suburbs, I’ve seen firsthand how these national trends play out locally, affecting both new construction and resale options. If you’re thinking about your next move, understanding the current landscape can help you make the smartest decision for your future.