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Builder Confidence: Tariffs on Lumber Hurting Affordability

(Mortgage News Daily) - 6 months ago
 Posted To: MND NewsWireBuilder confidence in the market for new single-family homes ended a three-month slide in May , as the Housing Market Index ticked up two points. This month that two-point gain evaporated as the index slid back down to 68. The National Association of Home Builders (NAHB) said the retreat of the measure, which it sponsors in conjunction with Wells Fargo, in June was, in large part, due to elevated lumber prices. "Builders are optimistic about housing market conditions ...
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