Home builder confidence remains high for the fourth consecutive month while inflation, supply issues, and shortages has led to uncertainty in other industries.

 
According to the NAHB/Wells Fargo Housing Market Index (HMI), builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December.

"While demand remains strong, finding workers, predicting pricing and dealing with material delays remains a challenge," explained NAHB Chairman Chuck Fowke, "Policymakers need to work on supply chain improvements and controlling costly inflation. Addressing lumber tariffs would be a good place to start."

Three month moving averages for HMI scores show that the Northeast rose four points to 74, the Midwest rose two points to 74, while the South and West added three points to 87 points. Meanwhile, the HMI index for sales conditions added one point to 90 and the prospective buyer gauge rose one point to total 70.

https://nahbnow.com/2021/12/builder-sentiment-strong-at-years-end/?_ga=2.117959246.69083735.1639414198-1095980197.1639008901