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ABA-Home Builder Confidence Increases in September.

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ENPNewswire-September 22, 2021--ABA-Home Builder Confidence Increases in September

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Release date- 21092021 - The National Association of Home Builders/Wells Fargo Housing Market Index increased to 76 in September.

'Builder sentiment has been gradually cooling since the HMI hit an all-time high reading of 90 last November,' said NAHB Chairman Chuck Fowke. 'The September data show stability as some building material cost challenges ease, particularly for softwood lumber.'

'The single-family building market has moved off the unsustainably hot pace of construction of last fall and has reached a still hot but more stable level of activity, as reflected in the September HMI,' said NAHB Chief Economist Robert Dietz. 'While building material challenges persist, the rate of cost growth has eased for some products, but the job openings rate in construction is trending...

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