Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
www.cnbc.com
Sentiment among the nation's homebuilders fell due to stubbornly higher mortgage rates, tariff concerns and economic uncertainty among consumers.

Key Points

Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative.

Analysts had been expecting a slight improvement, given recent tariff negotiations and pullbacks by the Trump administration.

This index has only seen a lower reading than June’s level twice since 2012.