Labor, Lot Shortages Cause Builder Confidence to Falter

June 16, 2017 Aly J. Yale

Lot and labor shortages are causing home builder confidence to falter—particularly in the single-family market. Builder confidence dropped two points in June, while overall construction starts fell 5.5 percent across the nation. Single-family production fell 3.9 percent in May, and multifamily declined 9.7 percent—nearly three times as much.

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