The latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) indicates that builder confidence in the market for newly-built single-family homes moved 1-point lower in January, to a reading of 75. The last 2-monthly readings mark the highest sentiment levels since July of 1999. Any reading over 50 indicates that more builders view conditions as good rather than poor.
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.