Wednesday, May 15, 2013

Homebuilder Sentiment Improved in May

According to the NAHB, homebuilder sentiment improved in May as the index rose to 44 and reversed a three month negative trend. The details of the report were good as well, with all three components of the report showing improvement from the previous month, particularly optimism in the next 6 months.

Out of the four housing market regions in the U.S., only the west declined from April. The Midwest showed the most improvement and grew to an index of 45.

Low interest rates continue to help the housing market.

Read the NAHB release.

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