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Navigating the Headwinds: What's Building (or Not) in the US Construction Industry?
Why Are Builders Losing Confidence? Start with the Numbers. Ever wonder what keeps homebuilders up at night? Hint: it’s more than just late-night coffee. The U.S. construction sector—especially homebuilding—is steering through a storm of economic crosscurrents. To gauge the mood on the ground, we turn to a key barometer: the NAHB/Wells Fargo Housing Market Index (HMI). In July 2025, the HMI clocked in at just 33. That’s a slight uptick from June, but still well below the neutral benchmark of 50—firmly in pessimistic territory. Translation? A majority of builders see the current market as poor or worsening. And this isn’t…
