General World News

Supply chain issues still stymieing homebuilders

Homebuilder confidence in single-family homes jumped one point to 84 in February from 83 in January, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

Per the NAHB, January’s score of 83 was a four-month low.

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman.

“Builders remain very focused on regulatory and other policy issues that could price out households seeking new homes in a tight market this year,” Fowke said in a statement. “Lumber prices have been details ⇒

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