FX.co ★ U.S. NAHB Housing Market Index Dips to 37 in January 2026

In a testament to the ongoing challenges in the U.S. housing sector, the National Association of Home Builders (NAHB) Housing Market Index has dipped to 37 in January 2026, down from 39 in December 2025. This latest figure, updated on January 16, 2026, reflects a continued slow down in builder sentiment driven by persistent economic pressures.

The shift from 39 to 37 may be attributed to a mix of factors impacting the housing market, including fluctuating mortgage rates, inflationary stresses, and supply chain disruptions. Such challenges have weighed heavily on builders’ confidence, indicating caution in future market conditions and demand for new housing projects.

As the industry navigates these turbulent conditions, a close watch will be kept on economic measures aimed at stabilizing the market, though optimism remains tempered among builders, as reflected in January's index numbers. This marks an ongoing period of volatility and uncertainty in the housing market, with all eyes on potential policy shifts and measures that could influence a revival in builder sentiment in upcoming months.