Homebuilder sentiment rises to seven-month high in May

 · A gauge of homebuilder confidence climbed to its highest level in seven months in May as lower mortgage rates and solid sales boosted optimism among America’s homebuilders.. hits 7 month-high.

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U.S. homebuilder sentiment rises to Six-Month High as Sales Gain Sentiment climbed in April, an indication that the housing market is gathering momentum during this spring. Read More

The sentiment gauge fell to a three-year low in December but has moved steadily higher since then, amid a decline U.S. Homebuilder Sentiment Rises to Seven-Month High in May Home

Sentiment among U.S. homebuilders increased in May by more than expected, sustaining this year’s upward swing on stronger sales and lower mortgage rates. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 66, the highest level since October as all three main measures increased, according to a report Wednesday.

The National Association of Home Builders/Wells Fargo. in the Midwest to the highest since October. It was unchanged in the South. Economists in a Bloomberg survey had projected the main housing.

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Confidence among U.S. homebuilders improved in May for the first. All three components of the homebuilder survey showed improvement. The group’s gauge of the sales outlook for the next six months.

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Most economic news this week topped estimates with consumer sentiment in May not only exceeding the estimate but reaching a 15-year high. Among the. and lower than the 228K prior. Homebuilder.

The proportion of individual investors describing their short-term outlook as neutral is at a seven-month high. The latest AAII Sentiment Survey also shows a drop in optimism and a slight rise in.