Confidence in New Home Construction Improved

The housing marketing is continuing to improve as builder confidence for single-family homes that have been newly built has risen four points on the Housing Market Index. This puts the builder confidence level at 49, only one point shy of the level considered good building conditions.

wood construction materials

Source: Shutterstock

According to the chairman of the National Association of Home Builders, Kevin Kelly, the improvement of homebuilder confidence shows an overall confidence in the home building industry. He was, however, quick to point out that homebuilders are still facing several challenges, including limited labor availability.

Even though consumers are still hesitant to make home purchases until they see clear signs of a full economic recovery, homebuilders are cautiously adding to the home inventory in preparation. The Housing Market Index is created through the use of  a survey that gauges the perceptions of home builders regarding  home sales and sales expectations over the next six month period. These ratings include good, fair or poor. They are also asked to rate the traffic of potential homebuyers.

Confidence in newly built single-family homes is improving steadily. If you need wholesale timber in Kansas City for your construction, be sure to contact us at Schutte Lumber today.

Leave a Reply

Your email address will not be published. Required fields are marked *

Search
Contact Us
  • This field is for validation purposes and should be left unchanged.
What's New
Fortress Iron Railing now available at Schutte Lumber Company
March 17, 2017

Schutte Lumber Company is proud to announce the addition of a new product line

Read More »

Douglas-Fir in Construction
February 28, 2017

Lumber produced from Douglas-fir is recognized throughout the world for its strength and performance.

Read More »

Why Choose Simpson Strong-Tie
January 19, 2017

All of us at Schutte Lumber Company are proud to announce our partnership with

Read More »

Copyright 2014 | all rights reserved