A difficult period confronts single-family home builders as their confidence in a market plagued by economic uncertainty, the risk of rising tariffs and high costs plunged to its lowest level in seven months.
Builders estimated that the tariffs alone would force up prices by $9,200 for a typical home.
The National Association of Home Builders (NAHB) monthly Housing Market Index (HMI), based on a member survey, revealed a three-point dip in confidence in March to 39 compared to February’s reading. Both were well below the score of 50, which would indicate builders feel confident about the current and near-term outlook for housing.
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