• Homebuilder sentiment rises in May thanks to strong demand and tight housing supply

    8 monthes ago - By CNBC

    A monthly index of builder sentiment rose 2 points in May, 1 point higher than analysts expected.
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  • NAHB: Builder Confidence Increases to 70 in May

    NAHB: Builder Confidence Increases to 70 in May

    8 monthes ago - By Calculated Risk

    The National Association of Home Builders reported the housing market index was at 70 in May, up from 68 in April. Any number above 50 indicates that more builders view sales conditions as good than poor.
    From NAHB: Builder Confidence Climbs to 70 in May
    Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in May after a downwardly revised April reading on the National Association of Home Builders/Wells Fargo Housing Market Index. This is the fourth time the HMI has reached 70 or higher this year.
    “The solid May report shows that builders...
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  • Builder optimisms bounces in May after 4 month slide

    8 monthes ago - By Chron

    U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply.
    The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose two points to 70 this month. That's up from a revised reading of 68 in April.
    That ends a four-month slide for builders.
    Any reading above 50 indicates more builders see sales conditions as good rather than poor. The index has remained above 60 since September 2016.
    May's index exceeded expectations for a reading of 69, according to...
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