“For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway,” said NAHB chairman Ed Brady. “However, we are still hearing reports from our members of scattered softness in some markets, due largely to regulatory constraints and shortages of lots and labor.”
NAHB chief economist Robert Dietz said continuing low mortgages and expectation of increasing households indicates a slow, steady growth in the housing market. ##
(Photo credit:housingwire)