Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers

Well, Rick, home builder sentiment in June dropped two points from May to 32 on the NAHB index. The street was actually looking for a slight improvement. This index has only seen a lower reading twice since the Great Recession back in 2012.And that was in December of 2022 when mortgage rates first shot up from those pandemic record lows and in April 2020 at the very start of the pandemic. Now, the builder site high mortgage rates, tariffs, and overall economic uncertainty of the index's three components. Cu ...