Survey: Home Builder Sentiment Rises in August but Still Weak Overall

U.S. home builder sentiment rose slightly to 35 in August but remains weak due to economic uncertainty, high mortgage rates, and rising construction costs worsened by the Iran conflict. The index stayed below 40 for the 16th month, signaling ongoing challenges. Gasoline and diesel prices have surged, increasing material costs. Builders are offering price cuts to boost sales amid limited home supply and affordability issues.