Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices
By Subcontractors USA News Provider Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020, according to the NAHB/Wells Fargo Housing Market Index (HMI) released recently. Builder sentiment in the market for newly built single-family homes fell five points to 75 in August. “Buyer…

