After the sharpest one-month drop in the history of the index in April, homebuilder sentiment bounced back slightly in May, as builders saw a quick rebound in interest from buyers.
Confidence in the market for single-family, newly built homes rose seven points in May to 37, according to the National Association of Home Builders/Wells Fargo Housing Market Index . Anything above 50 is considered positive, so sentiment remains in negative territory. The index stood at 66 in May of 2019 and hit a recent high of 76 in December.
"The fact that most states classified housing as an essential business during this crisis helped to keep many residential construction workers on the job, and this is reflected in our latest builder survey," said NAHB Chairman Dean Mon.
"As many states and localities across the nation lift stay-at-home orders and more furloughed workers return to their jobs, we expect this demand will strengthen," said NAHB chief economist Robert Dietz. "However, high unemployment and supply-side challenges including builder loan access and building material availability are near-term limiting factors."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here's how the largest housing markets in California performed in April - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
China home prices rise again in April, adding momentum to recoveryChina's new home prices rose at a slightly faster pace in April, adding to signs that the country's property market is slowly recovering as coronavirus lockdowns are eased and the world's second-largest economy reopens.
Weiterlesen »
Polarization Isn’t the Problem, But Human Identity Politics May Be the Solution'Our minds' tribalistic operating system worked great for the bulk of our species’ existence. But it’s always been an awkward fit for modern, pluralistic mass societies.'
Weiterlesen »
Newborn May Have Contracted Coronavirus in WombA Canadian newborn is a 'probable' case of infection with the new coronavirus while still in the womb, doctors report.
Weiterlesen »
Latest on global search for coronavirus vaccine: Oxford vaccine may protect monkeys from COVIDA single dose of a vaccine being developed by Oxford University in England caused rhesus macaque monkeys to develop antibodies to coronavirus within 28 days.
Weiterlesen »