The construction industry is certainly recovering: housing starts were up 6.8 percent in May,
builder confidence reached its highest level since 2006, and mortgage applications continue to rise.
Builder
confidence in the market for newly - built single - family homes dropped two points to a level of 72 in January on the National Association of Home
Builders / Wells Fargo Housing Market Index (HMI) after
reaching an 18 - year high in December 2017.