Tag: Housing Market Index

Strong Demand Boosts Builder Confidence Despite Supply Chain Disruptions

Filed in Economics by on October 18, 2021 26 Comments
Strong Demand Boosts Builder Confidence Despite Supply Chain Disruptions

Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages.

Continue Reading »

Builder Confidence Steadies as Material and Labor Challenges Persist

Filed in Economics by on September 20, 2021 35 Comments
Builder Confidence Steadies as Material and Labor Challenges Persist

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. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices

Filed in Economics by on August 17, 2021 68 Comments
Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices

Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today. Builder sentiment in the market for newly built single-family homes fell five points to 75 in August.

Continue Reading »

Builder Confidence Edges Lower as Material Challenges Persist

Filed in Economics, Trends by on July 19, 2021 27 Comments
Builder Confidence Edges Lower as Material Challenges Persist

Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Rising Material Challenges, Declining Builder Sentiment

Filed in Economics, Material Costs, Trends by on June 15, 2021 19 Comments
Rising Material Challenges, Declining Builder Sentiment

Home builder confidence dipped to its lowest level since August 2020 on rising material prices and supply chain shortages, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).

Continue Reading »

Building Materials Top Housing Concerns

Filed in Economics, Material Costs, Trends by on May 17, 2021 18 Comments
Building Materials Top Housing Concerns

Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber.

Continue Reading »

Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

Filed in Economics, Trends by on April 15, 2021 37 Comments
Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

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. The latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes rose one point to 83 in April.

Continue Reading »

Higher Material Costs, Interest Rates Lower Builder Sentiment

Filed in Economics by on March 16, 2021 5 Comments
Higher Material Costs, Interest Rates Lower 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 latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March.

Continue Reading »

Builder Confidence: High Demand Offsets Higher Costs – For Now

Filed in Economics by on February 17, 2021 19 Comments
Builder Confidence: High Demand Offsets Higher Costs – For Now

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 inched up one point to 84 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

Continue Reading »

Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Filed in Economics by on January 20, 2021 6 Comments
Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Despite the drop, builder sentiment remains at a strong level.

Continue Reading »