U.S. Home Builder Sentiment Rises 1 Point In June

The National Association of Home Builders (NAHB)/Wells Fargo housing market index rose to 29 points, the strongest reading since May 2007, from a downwardly revised 28 points in May (was 29). Sentiment across regions was mixed in June. The Northeast and South posted declines in June, down two points to 29 and 26, respectively, while sentiment in the West and Midwest saw increases of 4 and 5 points, up to 33 and 31, respectively. The report was overlooked by markets today.

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