Jun
16

Confidence Among U.S. Homebuilders Increases to Five-Month High

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Confidence 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

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