Jun
16
Confidence Among U.S. Homebuilders Increases to Five-Month High
ByConfidence among U.S. homebuilders climbed to a five-month high in June, signaling the residential real-estate market may have some scope for a pickup, according to data Thursday from the National Association of Home Builders/Wells Fargo data.
Key Points
- Builder sentiment gauge rose to 60 from 58
- Median forecast in a Bloomberg survey was 59; Readings greater than 50 indicate more respondents reported good market conditions
- Gauge of prospective buyer traffic advanced to 47, the highest since November, from 44
- Measure of six-month sales outlook increased to 70, the strongest since October, from 65, while index of current sales rose by 1 point to 64…
Confidence Among U.S. Homebuilders Increases to Five-Month High
