US Homebuilder Confidence Edges Up After Budget Bill Passage
Contractors raise a framed wall on a house under construction in Folsom, California.
Photographer: David Paul Morris/BloombergConfidence among US homebuilders in July edged up from a more than two-year low, though a growing share of companies are cutting prices to nudge buyers off the sidelines.
An index of housing market conditions from the National Association of Home Builders and Wells Fargo improved 1 point to 33 this month, still one of the lowest readings since the end of 2022. The gauge matched the median estimate of economists surveyed by Bloomberg.