The last three monthly National Association of Home Builders/Wells Fargo Housing Market Index readings mark the highest sentiment levels since December 2017.
Builder confidence in the market for newly built single-family homes edged one point lower to 74 in February, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The last three monthly readings mark the highest sentiment levels since December 2017.
“Steady job growth, rising wages and low interest rates are fueling demand but builders are still grappling with increasing construction and development costs,” said Dean Mon, NAHB chairman and a home builder and developer from Shrewsbury, N.J.