"The signals provided by the Dodge Momentum Index continue to suggest that construction activity will improve in 2022—and, more importantly, that this growth will be more balanced than what was seen in 2021."

The latest poll of the Institute of Supply Chain Management Business Survey Committee note that companies are struggling with record-long raw-materials lead times.

NAHB added a new element this quarter—the Multifamily Occupancy Index, which measures the perception of occupancies in class A, B, and C existing apartments.