U.S. Homebuilder Confidence Steady as Low Rates Buck High Costs

May 31, 2021
Payne Lubbers - Bloomberg

Confidence among U.S. homebuilders stabilized in May despite rising costs and shrinking availability of most construction materials.

A gauge of builder sentiment held at 83, National Association of Home Builders/Wells Fargo data showed Monday. The reading matched the median forecast in a Bloomberg survey of economists. Since the start of the year, the measure has held within a two-point range.



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