Tag Archives: Builder Confidence Slips Slightly

Builder confidence in newly built single-family homes dropped one point in February, virtually leveling out after solid gains the past year, the National Association of Home Builders/Wells Fargo Housing Market Index shows. Still, the index remains near its highest level since May of 2006. “This is partly due to ongoing uncertainties about job growth and consumer access to mortgage credit, but it’s also a reflection of the fact that builders are now confronting rising costs for building materials and, in some markets, limited availability of labor and lots as demand […]