Low inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent, the National Association of Home Builders reported Tuesday.
Tag: Chuck Fowke
Builder Confidence Steadies as Material, Labor Challenges Persist
The National Association of Home Builders reported builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges.
Builder Confidence at 13-Month Low
The National Association of Home Builders said higher construction costs and supply shortages, along with rising home prices pushed builder confidence to its lowest reading since July 2020.
Builder Confidence Edges Lower as Material Challenges Persist
Strong buyer demand partially offset building material supply-side challenges, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Material Challenges Dampen Home Builder Sentiment
In the first of three reports this week on new home building, the National Association of Home Builders said rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020.
Builder Confidence Holds Steady Amid Rising Cost Concerns
Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber, the National Association of Home Builders reported Monday.
Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges
The National Association of Home Builders said strong buyer demand pushed builder confidence up in April, even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory.
Headwinds Push Down March Home Builder Sentiment
Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower, the National Association of Home Builders reported yesterday.
Strong Buyer Demand Keeps Home Builders Optimistic
Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes edged up, the National Association of Home Builders reported yesterday.
Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases
The National Association of Home Builders said its Housing Market Index fell by three points in January, hamstrung by rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation.