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U.S. homebuilder confidence edged up in April, but builders still face high costs and labor shortages.
U.S. homebuilder confidence rose slightly in April to 40, defying predictions of a drop.
Despite this improvement, builder sentiment remains weak, influenced by tariff-induced cost increases and labor shortages.
The index for current sales conditions improved to 45, while sales expectations for the next six months fell to 43.
Builders report an average material price increase of 6.3% due to tariffs, adding about $10,900 to home costs.
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La confianza de los constructores de viviendas de Estados Unidos subió en abril, pero los constructores aún enfrentan altos costos y escasez de mano de obra.