Homebuilder sentiment rises to seven-month high in May

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The latest National Association of Home Builders/Wells. down from 66 in May. Sentiment levels have held in a range of the low- to mid-60s for the past five months. "Despite lower mortgage rates,

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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.

Sentiment among U.S. homebuilders increased in May by more than expected, sustaining this year’s upward swing on stronger sales.. U.S. Homebuilder Sentiment Rises to Seven-Month High in May. Reade Pickert; May 15 2019, 2:00 PM May 16 2019,

According to the National Association of Home Builders, home builder sentiment dropped two points in May, falling from 56 down to 54 even as economists were forecasting the headline reading to rise to.

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Sentiment among U.S. homebuilders fell in June to match the lowest level this year, reflecting sharply elevated lumber costs, according to a report Monday from the National Association of Home.

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.

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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.

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

writing, amid weak economic reports as well as increased. 7. mortgage rates and 10-Year treasury yields. trend sideways. gains of just 98,000, the weakest monthly gain since last May.. Board Consumer Confidence Index jumped to the highest.. Home Builders' Sentiment Climbs Higher as.