Builder confidence rose nationally in May

Real Estate

Builder confidence rose nationally in May.

Following last month’s steep fall, builder confidence in the market for new construction single-family homes was up seven points to 37 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.

While the rise in sentiment comes after April’s largest single monthly decline in the history of the index, industry experts say it’s a sign that the once-strong housing market is beginning to stabilize in the wake of the COVID-19 pandemic.

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