| The NAHB/Wells Fargo Housing Market Index in the US edged up to 38 in March 2026 from 37 in each of the previous two months, compared to forecasts of 37.
Current sales conditions increased one point to 42.
Sales expectations in the next six months gained two points to 49 and traffic of prospective buyers posted a three-point increase to 25.
Also, 37% of builders cut prices in March, up slightly from 36% in February.
The average price reduction remained stable at 6%.
The use of sales incentives was 64% in March, down one percentage point from February, and marking the 12th consecutive month this share has exceeded 60%.
Many buyers remain on the fence waiting for lower interest rates and due to economic uncertainty. |