US homebuilder confidence barely rose this month on a pickup in current sales, though demand expectations stumbled to a more than one-year low and prices of construction materials are climbing on the heels of higher tariffs.

A gauge of overall conditions from the National Association of Home Builders and Wells Fargo rose 1 point to 40 in April, hovering near some of the lowest levels since late 2023. The median estimate of economists surveyed by Bloomberg called for a reading of 38.

The index’s components, however, were mixed. Builder expectations for sales in the next six months slipped 4 points to 43, reaching its lowest level since November 2023. Meantime, measures of present sales of single-family homes and traffic of prospective buyers each ticked up slightly.