Chuck Fowke | Photo credit: NAHB
Nationwide builder sentiment rose by 1 point to 83 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index. That number was at 30 at the beginning of the pandemic in April. Anything above 50 is considered a good market.
The index is based on a scale from zero to 100 and gauges builder perceptions of single-family homes sales and sale expectations for the next six months.
Amid historically low inventory across the United States, construction is becoming a more attractive option. As a result, lumber is at an all-time high of $1,212.70 per thousand board feet.
Monday s breakouts: A booming housing market pushes this stock to a record high
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U S Home-Builder Confidence Falls in March — NAHB
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U S Home-Builder Confidence Increases in February
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