Economy
June 17, 2014
Builders More Confident About New Housing Market
Written by Sandy Williams
Builder confidence in the new built, single-family housing market rose in June. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) registered 49, just a point below the reading of 50 that indicates good building conditions.
“After several months of little fluctuation, a four-point uptick in builder sentiment is a welcome sign and shows some renewed confidence in the industry,” said NAHB Chairman Kevin Kelly. “However, builders are facing strong headwinds, including the limited availability of labor.”
