In the News – Builder Confidence Held Steady in May
Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
“Builder confidence has held steady at 58 for four straight months, which indicates that the single-family housing sector remains in positive territory,” said NAHB chairman Ed Brady, a home builder and developer from Bloomington, Illinois. “However, builders are facing an increasing number of regulations and lot supply constraints.”
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