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Confidence Among Homebuilders in U.S. Held Steady in May

By Tony Seruga

Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed Monday.

Key Points

Builder sentiment gauge unchanged at 58, where it’s been for four straight months. Readings greater than 50 indicate more respondents reported good market conditions
Median forecast in a Bloomberg survey of economists projected 59…

Confidence Among Homebuilders in U.S. Held Steady in May

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