Steel Markets
March 18, 2014
Home Builders Worried About Meeting Spring Demand
Written by Sandy Williams
The confidence level for home builders rose by one point to 47 in the National Association of Home Builders/Wells Fargo Housing Market Index for March. Builders are concerned about meeting demand due to a shortage of buildable lots and difficulty in finding skilled workers. Of additional concern, said said NAHB Chief Economist David Crowe, are rising prices for materials and very low inventory of new homes.
“The March HMI mirrors last month’s sentiment, as builders continued to be affected by poor weather and difficulties in finding lots and labor,” said NAHB Chairman Kevin Kelly.
