Homebuilder sentiment comes in lower than expected in January

Summary

Rick Santelli delivers the January NAHB housing market index, which fell to 37 against expectations of 40 and a prior reading of 39. The reading is the 21st straight month below the 50 dividing line, and no month in 2025 topped 50 for the first time since 2012, underscoring sustained weakness in homebuilder sentiment. The clip opens with a tease about an analyst seeing decade-worst investor sentiment on software stocks. No explicit, actionable trading recommendations are made in this segment.

• January NAHB housing market index printed at 37 versus 40 expected.
• Prior reading was 39; the index has now been below 50 for 21 consecutive periods.
• Readings under 50 signal more builders seeing poor conditions than good.
• No monthly reading exceeded 50 during 2025, the first such year since 2012.
• The segment teases a coming discussion of the most negative software investor sentiment in a decade.
• No specific securities, sectors, or trade expressions were recommended by the speaker.