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Builder Confidence Rises, But Buyers Remain Hesitant

10/17/2025

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Summary

Story summary

The National Association of Home Builders (NAHB) index rose to 37 in October, a six-month high, aided by lower mortgage rates.
Despite the rise, many buyers remain hesitant due to affordability.
In October, 38% of builders cut prices, with average reductions at 6%.
NAHB expects modest housing-start gains next year, but uncertainty may limit demand.
The government shutdown delays data collection, complicating the housing outlook.

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Story summary

The National Association of Home Builders (NAHB) index rose to 37 in October, a six-month high, aided by lower mortgage rates.
Despite the rise, many buyers remain hesitant due to affordability.
In October, 38% of builders cut prices, with average reductions at 6%.
NAHB expects modest housing-start gains next year, but uncertainty may limit demand.
The government shutdown delays data collection, complicating the housing outlook.