Currently Reading

Builder Confidence Remains Extremely High

Market Data + Trends

Builder Confidence Remains Extremely High

October 20, 2020
Boy wearing hard hat points upward, looking amazed

Builder sentiment set a record for the second consecutive month, reaching 85 in October compared with 83 during the previous month. September and October are the first instances ever when the NAHB/Wells Fargo Housing Market Index has been above 80. 

“Traffic remains high and record-low interest rates are keeping demand strong as the concept of ‘home’ has taken on renewed importance for work, study and other purposes in the COVID-19 era,” said NAHB Chairman Chuck Fowke, a builder from Tampa, Florida. “However, it is becoming increasingly challenging to build affordable homes as shortages of lots, labor, lumber and other key building materials are lengthening construction times.”

Builders slowed or stopped production in the first months of the pandemic and were caught off guard by the sudden consumer demand that hit their market in May. Existing land pipelines were therefore depleted much faster than builders expected.

Read More

Related Stories


Organized and Instagram-Ready: Luxury Pantries Are the New Must-Have

While a walk-in pantry has been a top kitchen feature for homebuyers for some time, social media and the pandemic have taken the feature to a new…

New-Home Sales

Advance New Home Purchasing Surges to 15-Year High

The number of new-construction homes purchased in October that had yet to begin construction hit a 15-year high, making up 38.5% of total new-…

Market Data + Trends

High Prices Keep Homes Out of First-Time Buyers' Reach

Home prices continued to rise at an unobtainable rate during the third quarter, making it increasingly difficult for first-time homebuyers to…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.