Mumbai, Sept. 17 -- Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday.
The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August.
While builder sentiment has lingered at relatively low levels since May, the NAHB said builders expressed optimism that a more favorable interest rate climate could bring hesitant buyers off the sidelines in the final quarter of 2025.
The NAHB said the index gauging future sales expectations rose to 45 in September from 43 in August, reaching the highest reading since March.
The component measuring current sales conditions held steady at 34, while the...