RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Builder Confidence Bottoms Out as Market Hopes to Muscle Through Supply Issues

Home Industry News
By Jesse Williams
August 18, 2021
Reading Time: 1 min read
Builder Confidence Bottoms Out as Market Hopes to Muscle Through Supply Issues

A young engineer is sitting stressed. Because the construction project was canceled.

Builder confidence hit its lowest reading since July of 2020, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), fueled by trends of soaring home prices, construction costs and supply shortages.

The takeaway:

While home-buying interest remains at a high level, the cost of materials and inability for builders to acquire them is preventing the supply chain from meeting demand.

“Buyer traffic has fallen to its lowest reading since July 2020 as some prospective buyers are experiencing sticker shock due to higher construction costs,” said NAHB Chairman Chuck Fowke, a custom home builder from Tampa, Florida, in a statement. “Policymakers need to find long-term solutions to supply-chain issues.”

The big picture:

The HMI index gauging broader sales conditions fell also, from 86 to 81, as the component that measures traffic of prospective buyers decreased an identical amount, dropping from 65 to 60. On the other hand, the HMI component that measures expected single-family home sales remained steady at 81.

That metric has dropped two cumulative points since the beginning of the year.

“While these supply-side limitations are holding back the market, our expectation is that production bottlenecks should ease over the coming months and the market should return to more normal conditions,” said NAHB Chief Economist Robert Dietz.

Jesse Williams is RISMedia’s associate online editor. Email him your real estate news ideas to jwilliams@rismedia.com.

Tags: Builder ConfidenceIndustry NewsNAHBNational Association of Home Buildersreal estate news
ShareTweetShare

Jesse Williams

Jesse Williams is content director for RISMedia Premier.

Related Posts

Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation
Agents

Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation

October 3, 2025
zillow
Agents

Zillow Seeks to Scrutinize Anywhere-Compass Deal for Inconsistencies With Lawsuit Claims

October 3, 2025
Consolidation
Agents

The Consolidation Trend: A Look at the How, Why and Outcomes

October 2, 2025
Forbes Global Properties Welcomes Rhode Island’s Flagship Real Estate Advisors to its Network
Industry News

Forbes Global Properties Welcomes Rhode Island’s Flagship Real Estate Advisors to its Network

October 2, 2025
Final Offer Launches in Denver and the Front Range in Partnership With Several Colorado Brokerages
Industry News

Final Offer Launches in Denver and the Front Range in Partnership With Several Colorado Brokerages

October 3, 2025
Lone Wolf Technologies Expands Partnership with the California Association of Realtors®
Industry News

Lone Wolf Technologies Expands Partnership with the California Association of Realtors®

October 3, 2025
Please login to join discussion
Tip of the Day

Your Social Media Fall Audit: How to Refresh Your Digital Presence in Q4

Just like cleaning out your closet for a new season, fall is the perfect time to refresh your digital branding, fine-tune your social media profiles and make sure your content strategy is working hard for you. Read more.

Business Tip of the Day provided by

Recent Posts

  • Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation
  • Zillow Seeks to Scrutinize Anywhere-Compass Deal for Inconsistencies With Lawsuit Claims
  • The Consolidation Trend: A Look at the How, Why and Outcomes

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X