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U.S. homebuilder confidence edged up to 38 in November, still below optimism threshold, amid price cuts and weak demand.
U.S. homebuilder confidence rose slightly to 38 in November, up from 37, exceeding expectations, though still below the 50 threshold indicating optimism.
Despite improved current sales conditions and buyer traffic, future sales expectations declined.
A record 41% of builders cut prices, averaging a 6% reduction, while 65% used sales incentives.
Ongoing challenges include high construction costs, economic uncertainty, and weak consumer demand due to job concerns and inflation.
NAHB forecasts a modest rebound in housing starts in 2026.
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La confianza de los constructores de viviendas de Estados Unidos subió a 38 en noviembre, todavía por debajo del umbral de optimismo, en medio de recortes de precios y de una demanda débil.