【World Property Journal】U.S. Builder Confidence Dips in March From Diminished Future Sales Expectations

Continued rising costs, supply chain issues a negative factor for homebuilder

The National Association of Home Builders is reporting this month that ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid.

Builder confidence in the market for newly built single-family homes moved two points lower to 79 in March 2022 from a downwardly revised reading in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the fourth straight month that builder sentiment has declined and the first time that the HMI has dipped below the 80-point mark since last September.

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