Posts Tagged ‘ construction costs ’

After a Year of Decline, Builder Confidence Shows Signs of Rebound

Jan 23rd, 2023

Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

December HMI Shows Continued Slide in Builder Confidence

Dec 22nd, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Home Mortgage Housing Market Index (HMI), published this week, shows numbers continuing to slide across most sectors. The overall preliminary December HMI dropped to 31, from November’s revised number of 33, indicating that builder confidence remains the less-than-positive. The NAHB attributes high mortgage rates, elevated construction costs […]

Builder Confidence Slides in February

Feb 22nd, 2022

The National Association of Homebuilders announced last week that despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family homes moved one point lower, to 82 in […]

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