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flag U.S. homebuilder confidence stayed at 32 in September, with pessimism persisting despite rising future sales expectations and lower mortgage rates.

flag U.S. homebuilder confidence held steady at 32 in September, according to the NAHB/Wells Fargo Housing Market Index, unchanged from August and below the expected 33. flag The reading remains in negative territory, signaling pessimism, though future sales expectations rose to 45, the highest since March, driven by anticipation of Federal Reserve interest rate cuts. flag Mortgage rates have declined, reaching their lowest level since October 2024, potentially boosting buyer demand. flag Meanwhile, 39% of builders reported cutting prices—up from 37% in August—the highest share since the pandemic—with average reductions holding at 5%.

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