Builder Confidence Inches Higher Amid Affordability Concerns

Builder confidence ticked slightly higher in March according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), though sentiment remains subdued as affordability concerns continue to weigh on the single-family market. The headline index rose one point to 38 , following a small upward revision to February’s reading. While the increase marks a modest improvement, builder sentime…