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Home Builder Confidence Improves, but High Construction Costs Remain a Concern (www.realtor.com)

Home Builder Confidence Improves, but High Construction Costs Remain a Concern

The National Association of Home Builders’ monthly confidence index rose one point to a reading of 84 in February, the trade group said this week. The modest increase comes after two consecutive months where the index has dropped.

Index readings over 50 are a sign of improving confidence. Last spring, the index dropped below 50 as concerns regarding the coronavirus pandemic grew, but the index rebounded and later hit a series of record highs in the fall.

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