NAHB Housing Market Index Drops To 32; U.S. Dollar Tests Session Highs

On June 17, 2025, the National Association of Home Builders released NAHB Housing Market Index report for June. The report indicated that NAHB Housing Market Index decreased from 34 in May to 32 in June, compared to analyst forecast of 36.

Current sales conditions decreased from 37 in May to 35 in June, while traffic of prospective buyers declined from 23 to 21.

Sales expectations in the next six months declined from 42 in May to 40 in June as home builders remained cautious.

The report indicated that 37% of builders reported cutting prices in June. The average price reduction was 5%, in line with previous months.

The National Association of Home Builders commented: “Rising inventory levels and prospective home buyers who are on hold waiting for affordability conditions to improve are resulting in weakening price growth in most markets and generating price declines for resales in a growing number of markets.”

U.S. Dollar Index gained ground as traders reacted to the weaker-than-expected NAHB Housing Market Index report. Currently, U.S. Dollar Index is trying to settle above the 98.20 level.

Gold made an attempt to settle below the $3385 level as traders focused on stronger U.S. dollar.

SP500 continued to rebound from session lows despite the disappointing housing market report.

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