NAHB says homebuilders were more optimistic in April

Homebuilder confidence in the market for new single-family homes rose in April as so-called buyer traffic increased to new developments.m The seasonally adjusted National Association of Home Builders/Wells Fargo Housing Market Index rose to 63 points in April from 62 in March. The gauge remained below the 68 points recorded for April 2018. “Builders report solid demand for new single-family homes, but they are also grappling with affordability concerns stemming from a chronic shortage of construction workers and buildable lots,” said NAHB Chairman Greg Ugalde, a developer from Torrington, Connecticut.