Builders see a little bit of light in an otherwise tough market

Builder Sentiment Ticks Up in May, but Affordability Still Weighs on Sales

Builder sentiment improved slightly in May, spurred by modest increases in current and future sales conditions and a slight rise in traffic from prospective buyers. Builder confidence ticked up three points to 37 in May, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released on May 18. Builder sentiment improved as current and expected sales conditions both ticked up three points to …

Builders see a little bit of light in an otherwise tough market

U.S. homebuilder sentiment improved in May, but the industry’s mood remains cautious as affordability continues to weigh on buyers during the spring selling season, Bloomberg writes. The National Association of Home Builders/Wells Fargo index rose three points to 37, still well below the 50 mark that separates positive from negative conditions. The rebound suggests builders are feeling slightly better about the market, but higher long-term inter…

Homebuilder sentiment improves on late spring surge in demand

Builders are feeling slightly better about the housing market, as they see improved buyer traffic in a potential late spring surge.

US Homebuilder Sentiment Rebounds Despite Affordability Problems

Homebuilder confidence rises slightly in May

Amid rising costs, many builders also are cutting prices in order to stay competitive WASHINGTON — Despite elevated mortgage rates and economic uncertainty relating to fuel prices and other rising expenses, builder confidence rose slightly in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index released Monday. The index said that builder confidence for newly built single-family homes rose three poi…

Builder confidence remains subdued; suppliers eye price hikes

Homebuilders maintained a subdued outlook in May, pressured by higher mortgage rates, rising inflation and affordability constraints. Ongoing conflict in Iran raises the risk of increased building material prices, further complicating an already uncertain environment. However, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), homebuilders appear to be more confident than they were a month ago. …