Tag Archives: Rising Costs Hamper Builders’ Confidence

An index that measures homebuilder confidence dropped in April, largely attributed to the increasing costs of building materials, concerns about the lack of supply of developed lots, and labor shortage, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index measures builder perceptions of single-family home sales and sales expectations. In the latest reading for April, builder confidence dropped two points to 42. Any number below 50 indicates that more builders view conditions as poor than good. “Supply chains for building materials, developed lots, and skilled […]