You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Patriots Live

3

7

2nd Qtr 2:14 1st & 10, Opp's 38

Red Sox Live

1

0

▲  3rd Inning 0 outs

Home builders’ confidence falls

A home under construction in February. Builders’ outlook for the next six months is strengthening.

Chuck Burton/Associated Press

A home under construction in February. Builders’ outlook for the next six months is strengthening.

Confidence among US home builders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials, and workers.

In the short term, those constraints could slow sales. But builders’ outlook for sales over the next six months has reached its strongest point in more than six years.

Continue reading below

The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell to 44 from 46 in February. It was the second decline since January, which was preceded by eight straight monthly gains.

A measure of current sales conditions declined from February’s reading.

Readings below 50 suggest negative sentiment about the housing market. The last time the index was at 50 or higher was in April 2006.

The index began trending higher in October 2011, when it was 17. That increase coincided with the start of a housing recovery.

Despite the positive sales trends, many builders are facing higher costs for building materials and competition for land cleared for development.

Meanwhile, builders large and small have reported a shortage of workers in markets where residential construction has picked up sharply, such as Texas and Arizona.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week