Homebuilder Confidence Improves as Rising Demand Offsets Higher Costs

Homebuilder Confidence Improves as Rising Demand Offsets Higher Costs


Things are looking up for the construction industry.

Homebuilder confidence rose one point to a score of 84 in February, the National Association of Home Builders said Wednesday. Economists surveyed by Econoday had predicted the measure to remain flat with January’s 83.

Anything above 50 is considered positive sentiment.

A year ago the index was at 74. It dropped during the initial lockdowns after the pandemic struck but has soared higher as demand for single family homes has skyrocketed.
Buyers are seeking out a respite from increasingly violent and deadly cities, where murders and shootings have exploded higher. Gun murders were up 31 percent in the United States in 2020. New York City, for example, finished 2020 with a 14-year high in shootings and a 40 percent increase in murders from the year before. This summer, New York and other cities were beset by riots, looting, and left-wing mobs demanding the defunding

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