NAHB housing market index 83 versus 80 estimate

US home builder survey

• index is up for the third month in a row
  
• sales condition up three points 289
  
• buyer traffic up three points to 68
  
• sales expectations unchanged at 84
  
• West +1 point
• Midwest +4 points 
• South +4 points
• Northeast+2 points

Challenges for homebuilders include:

• supply chain bottle next
  
• labor shortage. There are 330,000 open jobs for construction according to the NAHB economist
  
• lot availability at multi-decade lows
  

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November 17, 2021 at 03:00AM
Greg Michalowski
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