The survey assesses builder sentiment towards single-family home sales, showing an index reading above 50 as positive. Despite new-home sales performing well, uncertainties caused by fluctuating tariffs from the Trump administration have negatively impacted builder confidence and pricing strategies. A notable 78% of builders faced challenges in pricing their homes due to material cost fluctuations, with many resorting to cutting prices averaging 5%. Regional drops in sentiment were observed, with the Northeast most affected. Builders are hopeful that ongoing trade discussions and tax policy improvements will eventually stabilize the market.
"While new-home sales have been a recent bright spot amid a slugging housing market, the space has been rattled by President Donald Trump's ever-shifting tariffs."
"Policy uncertainty stemming in large part from the stop-and-start tariff issues has hurt builder confidence but the initial trade arrangements with the United Kingdom and China are a welcome development."
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