Homebuilder sentiment rises to seven-month high in May

Homebuilder sentiment rises to seven-month high in May

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 66. Read More Bloomberg www.bloomberg.com/news/articles/2019-05-15/

U.S. Homebuilder Sentiment Rises to Seven-Month High in May. Bloomberg – Reade Pickert. Sentiment among U.S. homebuilders increased in May by more than expected, sustaining this year’s upward swing on stronger sales and lower mortgage.

The Commerce Department said on Tuesday sales rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units, the highest level since. good news for home builders who will need to ramp up.

Homebuilders are increasingly upbeat after a weak year for the sector. The sentiment gauge fell to a three-year low in December but has moved steadily higher since then, amid a decline in mortgage rates. At the same time, other recent data have suggested the housing market is yet to fully stabilize.

The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose four points to 68 this month. That’s the highest reading since May. Readings above 50 indicate more builders see sales conditions as good rather than poor. The index has remained above 60 since September of 2016.

Homebuilders’ confidence in May climbed to its highest level in seven months, according to the report released by the National Association of Home Builders (NAHB) on Wednesday.

U.S. Homebuilder Sentiment Unexpectedly Rises With Solid Demand; October’s pickup in sentiment across the three sub-indexes and all four regions indicates the market for newly-built homes may be regaining steam after a broad cooling in housing in recent months.

In mortgages, these banks zigged while many others zagged Precisely because it is a diversified mix, over the course of the past year some funds zigged while others zagged. Several stock portfolios. eric mollenhauer selects floating-rate bank loans and.

The homebuilder index represents one of the first breaks in high levels of business and consumer confidence. as a possible warning sign about the broader economy. The slowdown may have implications.

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U.S. Homebuilder Sentiment Rises to Seven-Month High in May By Reade Pickert – May 15, 2019, 7:00 AM PDT 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.

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