Builder confidence in the new single-family home market declined at the start of 2026, as persistent affordability concerns continue to dampen buyer enthusiasm despite some positive movement in mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell two points, to 37, in January, reflecting ongoing challenges in the lower…

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The recent government shutdown—coupled with economic uncertainty due to tariffs and rising construction costs—has kept builder sentiment down this month, according to data from the National Association of Home Builders (NAHB). The latest NAHB/Wells Fargo Housing Market Index (HMI) found that builder sentiment rose only one point to 38 in November, remaining in the negative…

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