housing

Woodworking Industry News

Builder confidence falters due to supply-side issues

WASHINGTON, D.C. -- Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects, according to the National Association of Home Builders (NAHB).  Builder confidence in the market for newly-built single-family homes moved one point lower to 82 in February, marking the second straight month that confidence levels have declined by a single point, according to the NAHB/Wells Fargo Housing Market Index (HMI).