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Homebuilder Sentiment Drops to 32 as Mortgage Rates Hit 6.76%

By Drooid · Sep 16, 2026, 10:52 PM UTC · How we work

Summary

Story summary

NAHB/Wells Fargo homebuilder sentiment index fell to 32 in September, its lowest since September 2025.
NAHB chairman Bill Owens said rising 30-year mortgage rates, now 6.76%, weakened buyer traffic nationwide.
The share of builders cutting prices increased to 38% in September, up from 35% in August.
Average price reductions stayed at 6% for the sixth month.
Sales incentives were used by 66% of builders in September.

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Story summary

NAHB/Wells Fargo homebuilder sentiment index fell to 32 in September, its lowest since September 2025.
NAHB chairman Bill Owens said rising 30-year mortgage rates, now 6.76%, weakened buyer traffic nationwide.
The share of builders cutting prices increased to 38% in September, up from 35% in August.
Average price reductions stayed at 6% for the sixth month.
Sales incentives were used by 66% of builders in September.