In the News- Builder Confidence Unchanged in April
Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Builders remain cautiously optimistic about housing market growth. NAHB is forecasting faster single-family construction growth for 2016 than the 10% gain recorded in 2015. However, difficulties associated with access to labor and building lots are restraining growth in many local markets. Nonetheless, healthy levels of job creation, low mortgage interest rates and lack of existing home inventory will support increased construction of single-family homes. The residential construction sector will be a bright spot for an economy that slowed during the first quarter of 2016.
Check out the full article, NAHB