Partly reflecting growing affordability concerns, the National Association of Home Builders released a report on Wednesday showing a modest deterioration in U.S. homebuilder confidence in the month of August.
The report said the NAHB/Wells Fargo Housing Market Index edged down to 67 in August from 68 in June, matching economist estimates.
"The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations," said NAHB chairman Randy Noel.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.