Builder confidence rose six points to a record-tying 78 for August 2020, a mark not seen in 22 years. The demand is fueled by shifting in housing interests across the country. A focus on more living space, additional room to work from home and access to outdoor space has seen city dwellers shift to suburban living. 

“Housing has clearly been a bright spot during the pandemic and the sharp rebound in builder confidence over the summer has led NAHB to upgrade its forecast for single-family starts, which are now projected to show only a slight decline for 2020,” said NAHB Chief Economist Robert Dietz.

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