US Homebuilder Sentiment Ticks Up But Tariffs Weigh on Outlook
A contractor installs a window on a home under construction at a housing development in San Ramon, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US homebuilder confidence barely rose this month on a pickup in current sales, though demand expectations stumbled to a more than one-year low and prices of construction materials are climbing on the heels of higher tariffs.
A gauge of overall conditions from the National Association of Home Builders and Wells Fargo rose 1 point to 40 in April, hovering near some of the lowest levels since late 2023. The median estimate of economists surveyed by Bloomberg called for a reading of 38.