Builder confidence has fallen to its lowest level since 2012 according to the latest NAHB and Wells Fargo Housing Market Index, a 14-year low driven by rising mortgage rates and higher energy and material costs that keep buyers on the sidelines. Sentiment edged up slightly in March, but the headline index rose only to 38, still well below the breakeven level of 50 that separates positive from negative conditions. NAHB Chairman Bill Owens said affordability remains a top concern for both buyers and builders, who also face elevated land, labor and construction costs. NAHB Chief Economist Robert Dietz pointed to global events and energy prices as potential headwinds. He also noted that efforts to reduce regulatory burdens could help improve long-term housing supply.
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SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
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- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence has fallen to its lowest level since 2012, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines, according to NAHB Chief Economist Robert Dietz. According to Mortgage News Daily, builder confidence edged up in March but remained subdued; the headline index rose one point to 38, still below the breakeven level of 50 that separates positive from negative conditions. NAHB Chairman Bill Owens said affordability remains a top concern, as buyers wait for lower interest rates while builders face elevated land, labor, and construction costs. Dietz pointed to global events and energy prices as potential headwinds, but said efforts to reduce regulatory burdens could help improve long-term housing supply.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence has fallen to its lowest level since 2012, according to the NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines, NAHB Chief Economist Robert Dietz said. Although sentiment edged up slightly in March, the headline index rose one point to 38, still below the breakeven level of 50. NAHB Chairman Bill Owens said affordability remains the top concern, as buyers wait for lower rates while builders face elevated land, labor, and construction costs.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence has fallen to its lowest level since 2012, according to the latest NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines. The headline index rose one point to 38 in March but remains below the breakeven level of 50 that separates positive from negative market conditions. Buyers are waiting for lower rates and greater economic clarity, while builders face elevated land, labor and construction costs. Robert Dietz pointed to global events and energy prices as headwinds, but said reducing regulatory burdens could help improve long-term housing supply.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence has fallen to its lowest level since 2012, according to the NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have kept more buyers on the sidelines, and builder sentiment rose only slightly in March. The headline index climbed one point to 38, still below the breakeven level of 50 that separates positive from negative conditions. NAHB officials say affordability remains the top concern, while reducing regulatory burdens could help improve long-term housing supply.
- Homebuilder Sentiment Drops To Lowest Level Since 2012
Homebuilder confidence has fallen to its lowest level since 2012, according to the latest NAHB and Wells Fargo Housing Market Index. Rising mortgage rates and higher energy and material costs have pushed builder sentiment to a 14-year low, keeping more buyers on the sidelines. Confidence edged up in March, with the headline index rising one point to 38, but it remains below the breakeven level of 50 that separates positive from negative conditions. Prospective buyers are waiting for lower rates and greater economic clarity, while builders face elevated land, labor and construction costs. NAHB Chief Economist Robert Dietz pointed to global events and energy prices as headwinds, though efforts to reduce regulatory burdens could help long-term housing supply.
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