The latest National Association of Home Builders/Wells Fargo Housing Market Index was released today. Builders’ confidence remained at the same level (47) as last month. The index continues to hold at its highest level since April of 2006. The three-month moving average for the West increased by four points to 51.
According to the latest Random Lengths lumber market report, prices of framing lumber has been increasing. For contractors, this means you need to keep higher prices in mind when you bid on your next job. For consumers, this means you should start your do-it-yourself projects as soon as possible.