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Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

By January 20, 2021Housing
Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). Despite the drop, builder sentiment remains at a strong… Read More ›