There's plenty of momentum behind builder confidence, according to a new report from the National Association of Home Builders/Wells Fargo.
The questions now are who is going to buy these newly built single-family homes and how are builders and developers going to access loans to do so, given that it has become more difficult to obtain them over the past year.
"This will ultimately result in lower lot supplies as the industry tries to expand off cycle lows," NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Ala., said.
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