Podcast: Builders Express Optimism About Next 6 Months
Originally Published by: NAHB — July 18, 2023
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On the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP Paul Lopez record from New York City where they’re discussing the latest NAHB/Wells Fargo Housing Market Index (HMI) numbers with members of the media. Tune in this week to hear what’s going on with builder confidence, interest rate concerns that are dampening optimism, NAHB testimony on regulatory burden on home building and how NAHB is pushing back on House efforts to eliminate Job Corps.
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The NAHB/Wells Fargo Housing Market Index (HMI) showed another uptick in home builder confidence, although very slight in July. The market has improved for new home construction, but high interest rates are keeping demand in check for now.