Cover your eyes when it comes to single-family production in February. But don't tie the blindfold too tight because the picture improves greatly this year.
"Despite persistent supply-side challenges, rising builder confidence is signaling a turning point for home building later in 2023," National Association of Home Builders Alicia Huey, chairman and a custom home builder and developer from Birmingham, Ala., said in prepared remarks.
"At the same time, builder sentiment has been edging higher in the early part of 2023 as a significant amount of housing demand exists on the sidelines and resale inventory is limited."
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