US homebuilder sentiment drops to 12-month low in September
NAHB/Wells Fargo Housing Market index fell three points to 32 in September, the lowest since September 2025, as rising mortgage rates weighed on housing demand.
S. homebuilder sentiment fell to a one-year low in September as higher mortgage rates weighed on housing demand, a survey showed Wednesday. The National Association of Home Builders/Wells Fargo Housing Market Index declined three points to 32 this month, the lowest reading since September 2025.