The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row.
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Category: HMI
NAHB: Builder confidence hits 13-month high
Low inventory and high demand are buoying builder sentiment in the face of several headwinds.
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Inflation worries sap builder confidence in January
“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke
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Builder confidence rises again in December despite inflation fears, production bottlenecks
“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz
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