US homebuilder confidence edged slightly higher in August, according to the latest NAHB/Wells Fargo housing market index, though broader signs of cooling persisted across the sector.
Source: Sharecast
The headline index rose one point to 35, with current sales conditions improving two points to 39, while sales expectations for the next six months held at 43, and the gauge tracking prospective‑buyer traffic was unchanged at 23.
The survey continued to highlight pressure on pricing, with around 35% of builders cutting prices in August, down from 37% in July and unchanged from June. Average reductions were steady at 6% and the use of sales incentives remained elevated at 63%, matching the prior month.
Reporting by Iain Gilbert at Sharecast.com
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