NAHB housing market index falls to five-month low
By Iain Gilbert
Date: Tuesday 18 Feb 2025
(Sharecast News) - The National Association of Housebuilders' housing market index fell to 42 in February, down from 47 in January for the lowest reading in the last five months. Concerns regarding tariffs, elevated mortgage rates and high housing costs weighed on the gauge.
Current sales conditions fell four points to 46, while the component measuring sales expectations over the next six months sunk 13 points to 46, and the gauge charting potential buyer traffic declined by three points to 29.
NAHB chairman Carl Harris said: "While builders hold out hope for pro-development policies, particularly for regulatory reform, policy uncertainty and cost factors created a reset for 2025 expectations in the most recent HM. Uncertainty on the tariff front helped push builders' expectations for future sales volume down to the lowest level since December 2023. Incentive use may also be weakening as a sales strategy as elevated interest rates reduce the pool of eligible home buyers".
Reporting by Iain Gilbert at Sharecast.com
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