Elevated Lumber Prices Lead to Builder-Confidence Slip

Builder confidence dropped down two points to 68 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Experts say elevated lumber prices are to blame; however, the overall sentiment is still strong, as any above-50 readings point to a positive outlook.
“Builders are optimistic about housing market conditions as consumer demand continues to grow,” said NAHB Chairman Randy Noel, in a statement. “However, builders ar