Homebuilder Confidence Stabilizes
Homebuilder confidence stabilizes,
hinting at solid spring home buying season-
Despite affordability and labor concerns, homebuilder confidence held steady in March, according to the National Association of Home Builders. “In a healthy sign for the housing market, more builders are saying that lower price points are selling well, and increased inventory of affordably priced homes, will enable more entry-level buyers to enter the market,” said NAHB Chief Economist Robert Dietz.
With that being said, the report also warns that affordability continues to remain a key concern for builders. “The skilled worker shortage, lack of buildable lots and stiff zoning restrictions in many major metro markets are among the challenges builders face as they strive to construct homes that can sell at affordable price points,” the report states. courtesy of housingwire.com
