Builder confidence in the single-family home market rose to 37 in October, the highest since April, with future sales expectations surpassing the 50-point mark for the first time since January. Mortgage rates fell slightly, boosting optimism for 2026 despite ongoing supply-side cost challenges. Price cuts persisted, with 38% of builders reducing prices by an average of 6%. All HMI subindices showed gains, indicating improving market sentiment.
