India, July 17 -- A report released by the National Association of Home Builders on Thursday showed a modest improvement in homebuilder confidence in the U.S. in the month of July.
The report said the NAHB/ Wells Fargo Housing Market Index inched up to 33 in July after slipping to 32 in June. The uptick matched economist estimates.
"The passage of the One Big Beautiful Bill Act provided a number of important wins for households, home builders and small businesses," said NAHB Chairman Buddy Hughes.
He added, "While this new law should provide economic momentum after a disappointing spring, the housing sector has weakened in 2025 due to poor affordability conditions, particularly from elevated interest rates."
The modest increase by the h...