Despite shortages of materials, lots and labor, consumer demand beat expectations, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Prices for softwood lumber and some other building materials ease, but workers remain in short supply, according to the National Association of Home Builders
After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down
The Housing Market Index dropped to 81 in June, down from 83 the previous month, according to the National Association of Home Builders and Wells Fargo
Pandemic-related supply chain issues and shortages of lumber have continued to contribute to rising lumber prices, but intense homebuyer demand for single-family homes has kept builder confidence steady
Existing-home sales in October 2020 were up 4.3% from the previous month and up 26.6% from one year ago, according to a report from the National Association of Realtors
The National Association of Home Builders and Wells Fargo Housing Market Index jumped 5 points to 83 in September, an all-time high for the index since the series began in 1985
The National Association of Home Builders' monthly measure of market conditions reached its highest point in 2019 and the highest point since October of last year
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More homebuilders still view market conditions as good than poor