Home builder confidence slips a bit over ‘lots and labor’
BPC Staff Nov 19, 2015 | 4:23 pm
<1 min read time
84 wordsAll Latest News, Real Estate and DevelopmentBuilder confidence in the market for newly constructed single-family homes slipped three points to 62 in November from an upwardly revised October reading on the National Association of Home Builders/Wells Fargo Housing Market Index. “Even with this month’s drop, builder confidence has remained in the 60s for six straight months, a sign that the single-family housing market is making long-term headway,” NAHB Chairman Tom Woods said in a news release. “However, our members continue to voice concerns about the availability of lots and labor.”
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