NAHB: Builder Confidence Still Moving Down in March

Builder confidence fell in April as strong headwinds continue to erode housing affordability and delay projects, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Homebuilder sentiment fell for the fourth straight month, as rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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