Homebuilder confidence weakens as cost concerns mount
National Association of Home Builders | June 17, 2019
As cost and labor concerns continue to grow, new data indicates homebuilder confidence retreated two points to 64 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. While demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some additional concerns over trade issues, NAHB Chairman Greg Ugalde said.