Builder sentiment is at its highest level since October 2018.
Builder confidence in the market for newly built single-family homes rose three points to 66 in May 2019, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Builder sentiment is at its highest level since October 2018.
“Builders are busy catching up after a wet winter and many characterize sales as solid, driven by improved demand and ongoing low overall supply,” said Greg Ugalde, NAHB chairman and a home builder and developer from Torrington, Conn. “However, affordability challenges persist and remain a big impediment to stronger sales.”