Optimism within the home-building industry remained at its lowest level in 12 months, and pessimism is setting in as a result of a new round of tariffs.

As of September, the National Association of Home Builders/Wells Fargo Housing Market Index came in at 67.

A level in excess of 50 for the index, which is seasonally adjusted, is an indication that more builders view conditions as good than poor.

Source: Mortgage Daily