The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports that builder confidence in the market for newly built single-family homes rebounded 1-point in February, after two consecutive months of declines, to a reading of 84. Demand conditions remain solid due to low mortgage rates, demographics, and the suburban shift to lower cost markets. The NAHB, however, is predicting that there will be some cooling in the HMI as the year progresses, due to regulatory risk and ongoing supply chain issues.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Builder Confidence: High Demand Offsets Higher Costs – For Now