Yet builders say they remain optimistic about deregulation
By Diana Olick | CNBC
A shortage of housing and falling mortgage rates should make homebuilders happier than ever, but apparently, they’re not.
A monthly survey of builder sentiment fell 2 points in June to 67, and May’s reading was revised down by 1 point. While anything above 50 is considered positive on the National Association of Home Builders survey, sentiment has dropped decidedly since its surge following the election of President Donald Trump.
Builders were initially euphoric over the possibility of deregulation under the new administration. An increase in state and federal regulations for
land, zoning and construction lending have increased costs for builders who were already struggling with higher prices on labor and materials.
