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 increased 5-points to a reading of 83 in September. This is the highest reading of the HMI on record. The reading exceeds the previous historic high level of 78, which was set last month and matched the December of 1998 reading, which was 35-years ago.
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 Soars to an All-Time High, Lumber Risks Remain