Homebuilder confidence rises slightly, but cost concerns threaten future growth
National Association of Home Builders | July 16, 2019
Although homebuilder confidence inched forward one point to 65 in July, many builders still report rising construction costs as a major cause of concern, according to the National Association of Home Builders/Wells Fargo Housing Market Index. “Builders report solid demand for single-family homes,” NAHB Chairman Greg Ugalde said. “However, they continue to grapple with labor shortages, a dearth of buildable lots and rising construction costs that are making it increasingly challenging to build homes at affordable price points relative to buyer incomes."