NAHB housing market index
NAHB housing market index
  • Prior was 55
  • Current single-family home sales 57 vs 64 prior
  • Sales over the next six months 47 vs 49 prior
  • Index of prospective buyers 32 vs 37 prior

This matches with what home buyers have been saying. Notably, though, there's a tad more optimism -- or at least some stability -- in recent commentary. That's likely due to mortgage rates falling back close to 5%.