National Association of Home Builders (NAHB)

Home Builders in the Northeast and South are the most optimistic.

'Housing Supply Action Plan' seeks to improve affordability by increasing housing inventory over the next five years.

The price index of services inputs to residential construction have risen 18% YOY.

The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.

NAHB/Wells Fargo Housing Market Index falls for fourth straight month.

Increasing construction costs drive ennui despite favorable demographics and low-inventory numbers.