Concise Summary
US home builder buyer traffic sentiment remains weak at 25 (March 2026 NAHB HMI, modest MoM gain but far below neutral), has trended subdued since early 2025 amid affordability pressures, shows comparable global headwinds (no direct peers but aligned subdued demand in Canada/UK/Australia/Europe), and is expected to improve only gradually through 2027 under assumptions of easing rates/stable growth—qualified by notable macro uncertainty.