According to the NAHB / Wells Fargo Housing Market Index of the current National Home Builders Association, growing concerns about rising prices and ongoing supply disruptions have affected four months of construction. Loans for the construction of the newly completed housing market have increased by one point to 83 in January 2022. In the last three months, the HMI has been in 83 or 84 positions, similar to the spring of 2021.
“The cost of materials and lack of space add weeks to a Builder construction project,” said Chuck Fowke, president of NAHB. “The NAHB study shows that the cost of housing has risen by about 19% since December 2021. Lawmakers need to take steps to improve supply chains. A new timber deal with Canada and lower prices is a good place to start.”
“HMI data was collected during the first two weeks of January and does not reflect inflation,” said Robert Dietz, chief economist at NAHB. “While many existing construction researchers and consumers support the need for new construction, there is a growing shortage of skilled and unskilled workers for the growing supply of Builder building materials. Stealing prices show a decline in home sales in 2022.”
According to a 35-year monthly survey conducted by NAHB, NAHB / Wells Fargo measures the HMI real estate construction concept. It also instructs manufacturers to monitor customer sales as such. “High to high”, “medium” or “low to low”. The year is then calculated from the letters in each section if it is more than 50. Many builders see advantages over disadvantages.
The HMI index measures the level of sales that remains at 90, the average sales outlook index for the next six months fell by two points to 83, and the segment trying to trade with the retailer also showed a double-low of 69 points.
Looking at the three-month average HMI regional score, the Southwest fell one point to 73, the Midwest rose one point to 75 and the Southwest added one point to 88.