US Builder Confidence Plateaus at Low Level in August

Filed under: Building Trends

U.S. homebuilder sentiment remained subdued in August, with the National Association of Home Builders (NAHB)
reporting its Housing Market Index (HMI) at 32, down one point from July and stuck in negative territory
for the 16th straight month. The HMI has hovered between 32 and 34 since May, reflecting persistent affordability challenges,
elevated borrowing costs and supply-side constraints.