NAHB: Builder Confidence Up Marginally in September

Builder confidence ended a three-month decline in September, edging up slightly following some correction in lumber prices and strong housing demand, according to the NAHB/Wells Fargo Housing Market Index (HMI).

Although the housing sector continues to struggle with supply chain disruptions and labor challenges that are impacting housing affordability, builder sentiment for newly built single-family homes inched up one point to 76 in September.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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