NAHB Housing Market Index: Uncertainty Drags Builder Confidence to 7-Month Low

Published on March 17, 2025

Builder confidence fell for a second straight month as economic uncertainty, tariff threats, and elevated construction costs continue to weigh on sentiment. The National Association of Home Builders (NAHB) Housing Market Index (HMI) dropped to 39 this month, down 3 points from February and the lowest level since August. The latest reading was below the 42 forecast.

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