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Home Builders' Sentiment Plummets Amid Rising Costs

2/17/2026

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Story summary
  • In February 2026, the National Association of Home Builders/Wells Fargo Housing Market Index fell to 36, its lowest in five months.
  • NAHB said sentiment weakened due to high costs and scarce building lots, and urged policymakers to reduce costs and increase housing supply.
  • About 36% of builders reported price cuts, down from January.
  • Current sales conditions remained at 41, while future sales expectations fell to 46.