Financial News: U.S. Homebuilder Confidence Holds Steady In September

U.S. Homebuilder Confidence Holds Steady In September

09/16/2025 - 12:47:00 (RTTNews)

(RTTNews) - Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday.

The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

While builder sentiment has lingered at relatively low levels since May, the NAHB said builders expressed optimism that a more favorable interest rate climate could bring hesitant buyers off the sidelines in the final quarter of 2025.

"While builders continue to contend with rising construction costs, a recent drop in mortgage interest rates over the past month should help spur housing demand," said NAHB Chairman Buddy Hughes.

The NAHB said the index gauging future sales expectations rose to 45 in September from 43 in August, reaching the highest reading since March.

The component measuring current sales conditions held steady at 34, while the gauge charting traffic of prospective buyers posted edged down to 21 in September from 22 in August, the NAHB said.

The report said the latest HMI survey also revealed that 39 percent of builders reported cutting prices in September, up from 37 percent in August and the highest percentage in the post-Covid period.

The average price reduction was 5 percent in September, the same as it's been every month since last November, the NAHB said.

On Wednesday, the Commerce Department is scheduled to release its report on new residential construction in the month of August.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Brazil Industrial Output Shrinks 0.4% (05 hr(s), 20 min(s), 42 sec(s) ago)
(RTTNews) - Brazil's industrial production decreased less than expected in September after reb ...Full Story»

Slovenian Trade Balance Swings To Surplus In September (07 hr(s), 39 min(s), 42 sec(s) ago)
(RTTNews) - Slovenia's foreign trade balance turned to a surplus in September from a deficit i ...Full Story»

Spain Unemployment Increases Sharply (08 hr(s), 49 min(s), 42 sec(s) ago)
(RTTNews) - Spain's unemployment increased sharply in October, the labor ministry reported Tue ...Full Story»

Saudi Arabia Non-oil Private Sector Growth Quickens In October (09 hr(s), 48 min(s), 42 sec(s) ago)
(RTTNews) - Saudi Arabia's non-oil private sector logged its second-highest expansion in eleve ...Full Story»

Romania Producer Price Inflation Climbs To 28-month High (10 hr(s), 11 min(s), 42 sec(s) ago)
(RTTNews) - Romania's producer price inflation accelerated to the highest level in more than t ...Full Story»

Egypt Non-oil Private Sector Downturn Eases In October (10 hr(s), 42 min(s), 42 sec(s) ago)
(RTTNews) - Egypt's non-oil private sector contracted at a slower pace in October, survey resu ...Full Story»

Australia Keeps Interest Rate Unchanged (11 hr(s), 06 min(s), 42 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia maintained its key interest rate as the full effects of ...Full Story»

Australia Holds Key Rate As Expected (58 min(s), 18 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia maintained its key interest rate, as widely expected, on ...Full Story»