Homebuilder Sentiment Drops to 35 in June
Homebuilder Sentiment Drops to 35 in June The 14th Straight Month Below 40 The construction industry’s confidence gauge just posted its worst streak since the foreclosure crisis. If you work in real estate and haven’t been paying close attention to the NAHB/Wells Fargo Housing Market Index lately, now is a very good time to start. The June 2026 reading just dropped to 35 — falling from 37 in May and coming in below market expectations of 36. More than the single-month number, though, is the streak behind it: this marks 14 consecutive months that builder sentiment has stayed below 40. The last time the index ran this low for this long was the 2011–2012 foreclosure crisis , when millions of homeowners were underwater and builders had essentially stopped building. We are not in a foreclosure crisis. But we are in a new construction market that is sending some very clear signals — and agents who understand those signals are going to be in a much stronger position than those who don’t. ...