Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
The National Association of Home Builders/Wells Fargo Housing Market Index increased for the fourth consecutive month, to 84 in December, marking a high for the year last seen in February
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
As if in a blast from the past, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose 6 points to 78 in August, the index's highest reading since December 1998
Although the housing market index remained relatively high for March 2020 compared to all of 2019, as economic confidence started to waver, the index faced a slight decrease
California metros among least affordable areas in U.S.
Survey: Midwest, South most pessimistic
Sales conditions, expectations more upbeat in February