Housing Market Index Shows Continued Buyer Opportunities in September

US homebuilder confidence fell to 32 in September, below expectations and down from 35 in August. Current sales conditions dropped to 35, and six-month sales expectations declined sharply to 37. Prospective buyer traffic remained low at 23. Builders increased price cuts to 38% and sales incentives to 66%, reflecting ongoing affordability challenges and weak demand. This signals a softer near-term housing market outlook.