U.S. Homebuilder Sentiment Rises to Seven-Month High in May

June 25, 2019
Reade Pickert - Bloomberg

Sentiment among U.S. homebuilders increased in May by more than expected, sustaining this year’s upward swing on stronger sales and lower mortgage rates.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 66, the highest level since October as all three main measures increased, according to a report Wednesday. Readings above 50 indicate more builders view conditions as good than poor.
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