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    Home » US Home Builder Confidence Slightly Drops to 83 on Rising Inflation Concerns
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    US Home Builder Confidence Slightly Drops to 83 on Rising Inflation Concerns

    January 18, 20221 Min Read
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    Home builder sentiment dropped in January after a four-month straight increase due to growing inflation concerns and ongoing supply chain constraints.

    • Builder confidence in the market for newly-built single-family homes dropped by one point to 83 in January.
    • The HMI averaged around 83 or 84 levels, the same rate as the level reported in the spring of 2021 for the last three months.
    • Chuck Fowke NAHB Chairman stated that higher material costs and lack of availability are prolonging the normal single-family construction duration.
    • Fowke further stated that NAHB analysis signals the aggregate cost of residential construction materials has expanded nearly 19% since December 2021.

    Policymakers need to take action to improve supply chains, including getting a new softwood lumber agreement with Canada and lowering tariffs.

    DXY up +0.35%, EUR USD down-0.41%Source: NAHBNow

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