NAHB: Builder Confidence Increased to 37 in May

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 37, up from 30 in April. Any number below 50 indicates that more builders view sales conditions as poor than good. From NAHB: Builder Confidence Posts Solid Gain Following Last Month's Historic Drop In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes increased seven points to 37 in May , according to the latest NAHB/Wells Fargo Housing Market Index......(read more)

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