Home-Builder Confidence Wanes Amid Ongoing Shortages of Workers and Materials

The numbers: While home builders are still more upbeat regarding the real-estate market than they were a year ago, shortages of workers and construction material have not let up.

Consequently, the National Association of Home Builders’ monthly confidence index fell one point to a reading of 80 in July, the trade group said Monday.

“Builders are contending with shortages of building materials, buildable lots and skilled labor as well as a challenging regulatory environment,” Robert Dietz, the association’s chief economist, said in the report.

Read More at Realtor.com

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