Steel Markets
September 16, 2020
Builder Confidence Hits Record High
Written by Sandy Williams
Builder confidence was at an all-time high in September, said the National Association of Home Builders. The NAHB/Wells Fargo Housing Market Index (HMI) rose five points to 83, exceeding last month’s previous high of 78. The index is a strong signal that housing is leading the economic recovery, said NAHB.
“Historic traffic numbers have builders seeing positive market conditions, but many in the industry are worried about rising costs and delays for building materials, especially lumber,” said NAHB Chairman Chuck Fowke. “More domestic lumber production or tariff relief is needed to avoid a slowdown in the market in the coming months.”
