Builder confidence in the USA's residential market has fallen to its lowest point since August, affected by tariff concerns, rising construction costs, and economic uncertainty as the spring selling season approaches. The Index that measures the state of the housing market from the National Association of Home Builders (NAHB) and Wells Fargo & Co declined by 3 points to 39 in March. This is weaker than market expectations. The Indicator measuring current single-family home sales and potential buyer traffic has dropped to the lowest level since the end of 2023. Meanwhile, the Indicator measuring sales expectations for the next six months remains steady at 47.