Builder sentiment in the United States fell in February on a monthly basis amid worries about elevated housing costs and the impact of potential tariffs on the sector, according to the National Association of Home Builders (NAHB).
The NAHB/Wells Fargo Housing Market Index (HMI), which reflects builder confidence in the market for newly built single-family homes, came in at 42 in February, down five points from January, the group said in a Feb. 18 statement. This was the lowest level in five months. The HMI scale ranges between 0 and 100, with values below 50 indicating diminished optimism among builders.
