FX.co ★ US Homebuilder Sentiment Lowest since Nov 2023

In May 2025, the NAHB/Wells Fargo Housing Market Index in the United States declined by six points, reaching a level of 34, marking its lowest point since November 2023 and falling short of the anticipated figure of 40. The index shows that current sales conditions decreased by eight points to 37, sales expectations for the next six months dipped by one point to 42, and the traffic of prospective buyers fell by two points to 23. Additionally, the survey highlighted that 34% of builders reduced home prices in May, an increase from 29% in April, and the highest percentage recorded since December 2023, when it was at 36%. The average price reduction remained consistent at 5% from the previous month. The application of sales incentives also remained steady at 61% in May, mirroring the rate of the preceding month.