Builder confidence in the market for newly built single-family homes fell three points to 29 in October amid rising mortgage rates, energy and material costs, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released …
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Homebuilding Labor Shortages and Costs Continue to Rise
Labor shortages in the homebuilding industry are becoming more widespread, according to recent results from the September 2026 NAHB/Wells Fargo Housing Market Index (HMI) survey. The survey asked builders about shortages in 16 specific trades. The percentage of builders reporting …
Read More »Builder Confidence Rises Slightly in November Despite Softening Demand
Builder confidence in the market for newly built single-family homes rose one point in November to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “While lower mortgage rates are a positive development for …
Read More »Builder Confidence Rises in October
Builder sentiment levels increased in October as future sales expectations exceeded the 50-point mark for the first time since January 2024, according to the National Association of Home Builders (NAHB). Builder confidence in the market for newly built single-family homes …
Read More »Builder Sentiment Remains Steady in September
Builder sentiment levels in September remained unchanged but lower mortgage rates and expectations that the Federal Reserve will cut the federal funds rate led to higher future expectations in the coming months, according to an analysis by the National Association …
Read More »Builder Confidence Up in July, Affordability Challenges Persist
In July, builder confidence in the market for newly built single-family homes was 33, up one point from June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder confidence for future sales expectations increased …
Read More »Builder Confidence Remains Low Amid Tariff Concerns and Rising Costs
Increased economic uncertainty due to tariff concerns and high building material costs has kept builder sentiment low, according to the National Association of Home Builders (NAHB) and the Wells Fargo Housing Market Index (HMI). “The recent dip in mortgage rates …
Read More »Homebuilder Confidence Remains High
Despite concerns over inflation, supply-chain disruptions and an ongoing labor shortage, homebuilder confidence remains high, according to CNBC. Builders continue to benefit from a low supply of existing homes for sale and housing demand remains strong even during the slow …
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