The National Association of Home Builders (NAHB)/Wells Fargo housing market index rose to 29 points, the strongest reading since May 2007, from 24 in April. In May, three out of four regions posted improving builder sentiment. The Northeast registered a 6-point gain to 32, and the data showed 5-point gains to 27 and 28 in [...]
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Housing Starts Rebounded 2.6% To 717,000 In April
Housing starts rebounded by 2.6% to 717,000 units in April, which was much stronger than the 679,000 expected by consensus. It also comes after the prior month was upwardly revised to a 699,000 units in March (was 654,000 units). Single-family starts rose by 2.3% to 492,000 units starts, while multi-family starts rebounded by 4.3% to [...]