U.S. Homebuilders Cut Prices Amid Pessimism and Slight Confidence Boost
TL;DR Summary
Home-builder confidence slightly increased in July amid ongoing weak demand, high interest rates, and economic uncertainty. Builders are offering significant incentives and price cuts—up to 5% on average—to attract buyers, with 38% reducing prices, the highest since 2022. Despite some optimism about current sales and future expectations, traffic from prospective buyers remains low, indicating a sluggish housing market that could impact home construction for the rest of 2025.
- Builders are pessimistic about the housing market, throwing out ‘outrageous’ incentives to reel in buyers MarketWatch
- Homebuilders are slashing prices at the highest rate in 3 years CNBC
- US Homebuilder Confidence Edges Up After Budget Bill Passage Bloomberg.com
- LEN, TOL, DHI: U.S. Homebuilders Cut Prices at Fastest Pace in Three Years as Economy Slows TipRanks
- Builder Confidence Edges Up in July Eye on Housing
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