1.18.22
The National Association of Home Builders (NAHB) released their monthly index on January 18 showing the first decline of confidence among single-family home builders in four months, with future sales expectations for the next 6 months dropping from 85 to 83. NAHB Chairman Chuck Fowke stated that analysis showed residential construction materials have increased 19% since December 2020 and “the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.”