U.S. Builder Confidence Rises in May, Highest Level in 6 Months

Based on the latest National Association of Home Builders/Wells Fargo Housing Market Index released this week, U.S. builder confidence in the market for newly-built single-family homes rose three points to 66 in May 2019. 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 NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn.  "However, affordability challenges persist and remain a big impediment to stronger sales."