Home builders are feeling increasingly confident as they head into the new year thanks to seasonally strong demand in what is usually a much slower time of the year. Builder sentiment in the single-family housing market rose by a single point to 84 in December, according to the National Association of Home Builders/Wells Fargo Housing
High lumber prices weigh on home builder confidence
June 21, 2021 by
Home builder sentiment has fallen to its lowest level since August 2020 due to rising construction costs pushing new home prices up. That has left some buyers sidelined while making it more difficult for builders to secure loans. The National Association of Home Builders/Wells Fargo Housing Market Index fell by two points to 81, below
