Builder Confidence Declined 4 Points to 34 in April

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Builder Confidence Declined 4 Points to 34 in April

Washington, DC, April 15, 2026-- Builder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the National Association of Home Builders.

The three HMI indices in April were as follows:

  • Current sales conditions fell four points to 37.
  • Sales expectations in the next six months dropped seven points to 42.
  • Traffic of prospective buyers posted a three-point decline to 22.

The latest HMI survey also revealed that 36% of builders cut prices in April, down slightly from 37% in March. The average price reduction was 5%, down from the 6% figure in March. The use of sales incentives was 60% in April, down from 64% in March, and marking the 13th consecutive month this share has reached 60% or higher.