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May 2026 Builders Bulletin: Data Reveals More Signs of Economic Uncertainty
Economic headwinds are being felt in the
local housing market as home prices are softening and more listings are taking
longer to sell, according to new data from the Northwest Multiple Listing
Service. Economic uncertainly also affected builder sentiment, which saw a
notable drop in April, falling four points both nationally and in the West. The
NAHB/Wells Fargo Housing Market Index (HMI) measures builder confidence,
indicating how builders feel about the current and near-term housing outlook.
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