National Association of Home Builders (NAHB)

Confidence, sales and HMI points all plummeted during the month of July.

Says refusal to cut tariffs on Canadian lumber turns 'a blind eye to America’s housing affordability crisis .'

Rising interest rates and building material supply-chain disruptions act as significant headwinds on the housing market.

The National Association of Home Builders (NAHB) is asking for Congress’ help in alleviating a nationwide affordability issue.

NAHB/Wells Fargo Housing Market Index fell two points in June to 67, the lowest HMI reading since June 2020. 

In contrast, multifamily construction growth in large population centers has rebounded during the same period.