Despite high buyer traffic and powerful demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. Supply shortages and high demand have caused lumber prices to leap quite 200% since last April. NAHB/Wells Fargo US Housing Market Index is at a current level of 82.00, down from 84.00 last month and up from 72.00 one year ago. this is often a change of -2.38% from last month and 13.89% from one year ago. Builder confidence had peaked at A level of 90 last November, now down by 8 points.

Only one of the three major HMI indices fell in March. The HMI index gauging current sales conditions fell three points to 87 while the component measuring sales expectations within the next six months increased three points to 83. The gauge charting traffic of prospective buyers held firm at 72. watching the three-month moving averages for regional HMI scores, the Northeast rose two points to 80, the Midwest fell one point to 80, the South dropped two points to 82 and therefore the West posted a three-point loss to 90.Despite high buyer traffic and powerful demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. Supply shortages and high demand have caused lumber prices to leap quite 200% since last April. NAHB/Wells Fargo US Housing Market Index is at a current level of 82.00, down from 84.00 last month and up from 72.00 one year ago. this is often a change of -2.38% from last month and 13.89% from one year ago. Builder confidence had peaked at A level of 90 last November, now down by 8 points.

Only one of the three major HMI indices fell in March. The HMI index gauging current sales conditions fell three points to 87 while the component measuring sales expectations within the next six months increased three points to 83. The gauge charting traffic of prospective buyers held firm at 72. watching the three-month moving averages for regional HMI scores, the Northeast rose two points to 80, the Midwest fell one point to 80, the South dropped two points to 82 and therefore the West posted a three-point loss to 9