Homebuilder sentiment stays unchanged for a 4th straight month
Builder sentiement held steady in May at 58 for a fourth straight month, according to the Housing Market Index from the National Association of Homebuilders and Wells Fargo.
Economists had forecast that the index climbed to 59, according to Bloomberg.
That level shows that sentiment is still in positive territory. "However, builders are facing an increasing number of regulations and lot supply constraints," said NAHB chief economist Robert Dietz in the release.
Dietz said last month that the busy spring homebuying season should boost market activity. In Monday's report for May, the index gauging sales expectations rose three points, while those measuring current sales conditions and buyer traffic held steady.
"Job creation, low mortgage interest rates and pent-up demand will also spur growth in the single-family housing sector moving forward," Dietz said.
Refresh this page for updates.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley