June @NAHBhome builder sentiment fell to 35 vs. 37 est. & 37 in prior month pic.twitter.com/iMUxDT62S9
— Liz Ann Sonders (@LizAnnSonders) June 15, 2026
Builder confidence in the market for newly built single-family homes fell two points to 35 in June.
Here are the readings for the three HMI indices in June:
- Current sales conditions fell two points to 38.
- Sales expectations in the next six months held steady at 45.
- Traffic of prospective buyers remained unchanged at 25.
Signs of Market Cooling
The latest HMI survey also revealed that 35% of builders cut prices in June, up from 32% in May. The average price reduction was 6% in June, the same rate as the previous month. The use of sales incentives was 62% in June, up slightly from 61% in May, and marking the 15th consecutive month this share has reached 60% or higher.
NAHB official release: https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-index