Builder Confidence Surges Amid Lumber Price Increases
Home builder confidence in the market for newly built single-family homes increased five points in September, reaching an all-time high of 83, according to the NAHB/Wells Fargo Housing Market Index. Historic traffic numbers have builders seeing positive market conditions, but many in the industry are worried about rising costs and delays for building materials, especially lumber. Lumber prices are up more than 170% since mid-April, adding more than $16,000 to the price of a typical new single-family home.
Data at a Glance
NAHB/Wells Fargo Housing Market Index (HMI)
The HMI offers an insider’s perspective on the current state of housing. Each month, builder sentiment about the present and near-term housing market is depicted on a scale of 0 to 100, indicating the portion of builders experiencing positive market conditions.Learn more
Housing starts data are key economic indicators that track the pace of residential construction. These monthly Census Bureau statistics typically reflect broader trends within the overall economy such as interest rates and job growth.Learn More
Framing and Lumber Prices
Fluctuations in the costs of building materials, particularly those of framing lumber, contribute significantly to home prices and housing affordability levels.Learn more
The latest on starts and permits, home sales, lumber prices, mortgage rates and more.
State and Local Data
Regional reporting of building permits, home sales, employment and workforce demand.
Analysis from NAHB economists on the current and future state of housing.
Exclusive NAHB surveys provide insights from several sectors throughout the industry.
Economic models help determine rent costs, home prices and housing affordability.
Detailed research on a wide variety of topics related to the U.S. housing market.