Home builders are giddy about the soaring demand for new houses, but they’re not so happy about high lumber prices, labor shortages and other barriers in their way.
The National Association of Home Builders’ monthly confidence index slipped to 81 in June from 83 in May. That’s the lowest level in nine months. These problems aren’t going to go away overnight. Lumber prices have fallen 42% from a record high in early May, for example, but they are still much higher than they were one year ago.Also: Inflation is surging. How high will it go? Check out MarketWatch’s new tracker.
So which is it? There’s multiple reports of Lumber Prices dipping hard recently…
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