Builders Say Supply Issues Create Major Problem

Feb.’s confidence index fell a different issue. It is a nonetheless-solid 82, but “many builders wait months to obtain cabinets, garage doorways, countertops and appliances.”

WASHINGTON – Irrespective of powerful purchaser desire, builder sentiment continued to slip in February. According to the Countrywide Affiliation of Home Builders (NAHB)/Wells Fargo Housing Industry Index (HMI), the field grapples with ongoing constructing product generation bottlenecks that elevate construction fees and hold off tasks.

Builder confidence in the market place for recently created one-relatives homes moved one particular place reduce to 82 in February, the second straight month that stages declined by a one position. Inspite of these monthly declines, however, the HMI has posted strong readings at or earlier mentioned the 80-place mark for the earlier five months.

“Production disruptions are so serious that several builders hold out months to acquire cabinets, garage doorways, countertops and appliances,” says NAHB Chairman Jerry Konter. “These

Read More