February 2018 Building Industry Report
February 21, 2018
HomeSphere has partnered with BTIG to produce a monthly home building industry report covering sales, traffic, pricing, labor costs, and other key housing industry metrics.
The HomeSphere community shares their insight and expertise every month to create a unique look into the U.S. housing industry from the perspective of the local and regional home builder.
Highlights from HomeSphere/BTIG building industry report - February 2018
- 40% of builders surveyed reported that sales were better than internal expectations.
- 61% of builders reported higher traffic levels per community than last month.
- 59% reported higher subcontractor labor costs, with 72% reporting rising materials costs.