Flat Conditions for Some Housing Sectors, but Not All
Despite growing housing affordability concerns, builder confidence in the single-family market remains solid. The NAHB/Wells Fargo Housing Market Index came in at a level of 67 in August, a one-point drop from last month. This matched the relatively flat pace of construction in July, with total housing starts up less than 1 percent from the previous month.
However, market demand remains healthy, with starts up more than 6 percent thus far in 2018 on a year-to-date basis.
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