{"id":1536230,"date":"2025-05-15T14:45:00","date_gmt":"2025-05-15T18:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1536230"},"modified":"2025-05-15T14:45:00","modified_gmt":"2025-05-15T18:45:00","slug":"us-homebuilder-sentiment-slumps-to-lowest-since-2023","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-homebuilder-sentiment-slumps-to-lowest-since-2023\/1536230\/","title":{"rendered":"US Homebuilder Sentiment Slumps To Lowest Since 2023"},"content":{"rendered":"

US Homebuilder Sentiment Slumps To Lowest Since 2023<\/span><\/p>\n

\n

Confidence among US homebuilders slumped in May to the lowest level since late 2023 as the NAHB sentiment index tumbled 6 points to 34 (well below the 40 expected)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

All three components that make up the index fell,<\/strong> with a measure of expected sales in the next six months sliding to an 18-month low.\u00a0<\/p>\n

<\/a><\/p>\n

A gauge of present sales dropped to the lowest since late 2022, while traffic of prospective buyers was the weakest in 1 1\/2 years.<\/p>\n

\u201cThe spring home buying season has gotten off to a slow start as persistent elevated interest rates, policy uncertainty and building material cost factors hurt builder sentiment in May,\u201d<\/strong><\/em> NAHB Chairman Buddy Hughes, a builder and developer from Lexington, North Carolina, said in a statement.<\/p>\n

Of course, we all know who is to blame for this…<\/p>\n

\u201cPolicy uncertainty stemming in large part from the stop-and-start tariff issues has hurt builder confidence but the initial trade arrangements with the United Kingdom and China are a welcome development,\u201d said NAHB Chief Economist Robert Dietz.\u00a0<\/em><\/p>\n

\u201cStill, the overall actions on tariffs in recent weeks have had a negative impact on builders, as 78% reported difficulties pricing their homes recently due to uncertainty around material prices.\u201d<\/strong><\/em><\/p>\n

Let’s not forget that new mortgage rates are still sky-high relative to ‘average’ existing mortgage rates and homebuilders can’t afford to subsidize that difference forever…<\/p>\n

<\/a><\/p>\n

In May, 34% of builders reported cutting prices, the largest share since December 2023, NAHB said. The share of builders reporting using sales incentives was unchanged at 61%.<\/p>\n

The only thing is, homeBUYER sentiment has been in the shitter for months because of high rates and lack of affordability…<\/strong><\/p>\n

<\/a><\/p>\n

Maybe, homeBUILDERS are finally waking up to reality as Upton Sinclair said: “It is difficult to get a man to understand something when his salary depends on his not understanding it.”<\/strong><\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 05\/15\/2025 – 10:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/us-homebuilder-sentiment-slumps-lowest-2023<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Homebuilder Sentiment Slumps To Lowest Since 2023 Confidence among US homebuilders slumped in May to the lowest level since late 2023 as the NAHB…<\/p>\n","protected":false},"author":0,"featured_media":1536231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1536230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6rDU","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/05\/bfmFDF2-MoFuYz.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1536230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1536230"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1536230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1536231"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1536230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1536230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1536230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}