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A housing upturn as concerns grow for lumber, material costs

from NAHB Now

A housing upturn as concerns grow for lumber, material costs NAHB Now The remarkably strong data for home construction has continued in recent weeks. The NAHB/Wells Fargo Housing Market Index (HMI), a measure of single-family builder sentiment, returned to its pre-recession level of 72, up from a low of 30 in the spring. The quick advance of the HMI over the course of the summer is a strong indicator of an acceleration of single-family construction, which is required to meet ongoing solid demand for housing. READ MORE

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