US Homebuilder Sentiment Continues to Rise in April.
TL;DR
Homebuilder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce. The National Association of Home Builders/Wells Fargo Housing Market Index climbed to 45 in April, a 1-point gain. Builders cited a lack of listings on the resale market, which gave them an unusually strong edge. Slightly lower mortgage rates are also helping demand. Meanwhile, sales expectations in the next six months increased 3 points to 50.
Topics:businessreal-estate#existing-homes#homebuilder-sentiment#housing-market#mortgage-rates#new-construction#real-estate
- Homebuilder sentiment rises in April, as builders grab near-record share of the market CNBC
- Homebuilder sentiment rises in April CNBC Television
- Homebuilder sentiment jumps to highest level since September Fox Business
- Housing: Homebuilder sentiment rises for fourth-straight month as housing steadies Yahoo Finance
- US homebuilder sentiment improves further; NY state manufacturing rebounds Reuters
Want the full story? Read the original reporting
Read on CNBC