NAHB Housing Market Index - July 2026

US NAHB Housing Market Index Aug: 35 (est 33; prev 34)

• The NAHB home builder Housing Market Index inched up +1pt in August to 35 from the joint-least since September. While above estimates for a 33 reading, it remains well below the 50 dividing line between poor/good conditions for a 28th consecutive month. In addition the index has been below 40 for a 16th consecutive month, the longest such stretch since 2012.

• The current sales component rose +2pts while future sales expectations and buyer traffic held steady, all also well below 50.

• The concession picture was little changed: 35% of builders cut prices in August, down from 37% in July but unchanged from June (the 16th straight month at least 30% have done so per the release). The average price reduction held at 6%, and the use of sales incentives was unchanged at 63%, marking the 17th consecutive month this share has reached 60% or higher.

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