Tag Archives: Lack of Lots Worries Homebuilders

For the third consecutive month, homebuilder confidence in the new-home market has shown signs of waning, according to this month’s National Association of Home Builders/Wells Fargo Housing Market Index. Since January, homebuilder sentiment began to decline after eight consecutive months of rising. “Although many of our members are reporting increased demand for new homes in their markets, their enthusiasm is being tempered by frustrating bottlenecks in the supply chain for developed lots along with rising costs for building materials and labor,” says Rick Judson, NAHB chairman. “At the same time, […]