Home builders grow more confident in spite of continued supply-chain headaches

Home builders grow more confident in spite of continued supply-chain headaches
·3 min read

The National Association of Home Builders’ monthly confidence index increased four points to a reading of 80 in October, the trade group said Monday. “Although demand and home sales remain strong, builders continue to grapple with ongoing supply chain disruptions and labor shortages that are delaying completion times and putting upward pressure on building material and home prices,” Chuck Fowke, a custom home builder from Tampa, Fla., who currently serves as the association’s chairman, said in the report. The gauge on current sales conditions notched the largest gain, with a five-point increase to a reading of 87.

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