Steel Markets
November 19, 2018
Builder Confidence Declines in November
Written by Sandy Williams
Builder confidence, as measured by the NAHB/Wells Fargo Housing Market Index, fell eight points in November to its lowest reading since mid-2016. The index posting of 60 was still in positive territory, but indicated caution among builders.
“Builders report that they continue to see signs of consumer demand for new homes but that customers are taking a pause due to concerns over rising interest rates and home prices,” said National Association of Home Builders Chairman Randy Noe.
