NAHB Housing Market Index Drops To 32, Missing Analyst Expectations

On August 18, 2025, the National Association of Home Builders released NAHB Housing Market Index report. The report indicated that NAHB Housing Market Index declined from 33 in July to 32 in August, compared to analyst consensus of 34.

Current sales conditions decreased from 36 in July to 35 in August, while sales expectations in the next six months remained unchanged at 43.

Traffic of prospective buyers improved from 20 in July to 22 in August. The National Association of Home Builders noted that traffic of prospective buyers remained at a very low level.

The report showed that 37% of builders cut prices in August, while the average price reduction was 5%.

The National Association of Home Builders commented: “Affordability continues to be the top challenge for the housing market and buyers are waiting for mortgage rates to drop to move forward.”

U.S. Dollar Index settled near the 98.00 level after the release of the weaker-than-expected NAHB Housing Market Index report.

Gold pulled back towards the $3335 level as traders reacted to the report. From a big picture point of view, gold continues consolidation below the $3350 level.

SP500 was mostly flat as traders focused on housing market data. Currently, SP500 is trying to settle back above the 6450 level.

For a look at all of today’s economic events, check out our economic calendar.