this post was submitted on 17 Jun 2025
50 points (98.1% liked)

News

30632 readers
4106 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

Key Points

Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative.

Analysts had been expecting a slight improvement, given recent tariff negotiations and pullbacks by the Trump administration.

This index has only seen a lower reading than June’s level twice since 2012.

top 2 comments
sorted by: hot top controversial new old
[–] N0t_5ure@lemmy.world 14 points 1 week ago

Not surprising, given:

  1. The housing market cycle peaked in 2022, has been slowly trending down since, and the pace of decline is picking up. Inventory is way up and prices are down.

  2. Tariffs have greatly increased the cost of inputs used in making homes, increasing the price of lumber, steel, copper, appliances, etc., etc.

  3. Deportation of the labor force greatly increases the cost of labor to build the homes. After agriculture, the largest industry using immigrant labor is construction. Kicking a major portion of the construction labor force out of the country is guaranteed to drive up the price of the labor that remains.

[–] kaitco@lemmy.world 4 points 1 week ago

If only interest rates could drop to the same levels…