16.09.202514:08:20UTC+00US Homebuilder Confidence Flat in September

In September 2025, the NAHB/Wells Fargo Housing Market Index (HMI) remained unchanged at 32, maintaining the same level observed in both August and June, and remaining the lowest since December 2022. This result fell short of the anticipated market value of 33, indicating ongoing challenges in the housing sector. While current sales conditions were stable at 35, buyer traffic experienced a slight decline, dropping one point to 21. However, there was a positive shift in sales expectations for the coming six months, which rose by two points to 45. The latest HMI survey further emphasized growing hurdles: 39% of builders reported reducing home prices in September, up from 37% in August, marking the largest proportion seen since the Covid-19 pandemic. The standard price cut has consistently remained at 5% since last November. Additionally, the prevalence of sales incentives stayed relatively high at 65%, only a slight decrease from 66% in August.