NAHB: Builder Confidence unchanged at 58 in May

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 58 in May, unchanged from 58 in April. Any number above 50 indicates that more builders view sales conditions as good than poor. From the NAHB: Builder Confidence Holds Stable in May Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "Builder confidence has held steady at 58 for four straight months, which indicates that the single-family housing sector......(read more)

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