Real Estate

Homebuilder confidence rises in March as demand improves


Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023.

Mike Blake | Reuters

Mortgage rates are high and volatile, homes are still pricey, and inflation is not in check, but, even so, the nation’s homebuilders are starting to feel better about their business.

A monthly gauge of builder confidence in the market for newly built single-family homes rose in March, even though analysts expected a drop. The National Association of Home Builders/Wells Fargo Housing Market Index rose two points to 44. Anything above 50 is considered positive.

It’s the third straight monthly increase in builder sentiment. The index stood at 79 in March of…


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