Homebuilder sentiment inches higher, but affordability is still a problem

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Home builder confidence in May rose to the highest level since September 08 as inventory declined and affordability increased, according to survey results released today by the National.

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The National Association of Home Builders/Wells Fargo housing market index points to a flat reading for homebuilder sentiment from February through March. The index came in at 62 vs 63 expected, although 62 is still a six-month high after a turbulent period in housing.

The nation’s homebuilders are pleased with the strong demand they’re seeing this spring but continue to see buyers being held back by high prices. builder confidence rose 1 point to 63 in April on the monthly National Association of Home Builders/Wells Fargo Housing Market Index.

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Homebuilder sentiment inches higher, but affordability is still a problem; Home Log In. Log In. ERROR: The email field is empty. ERROR: The password field is empty. Email. Password. Remember Me. Lost your password? Advertising. 2018 Powered By groupw. home; finance; MARKETING;

Homebuilder Sentiment Bounces Back. After four straight months of m/m declines, homebuilder sentiment finally saw a bounce this month, rising from a six-month low of 68 last month to 70 in May. While homebuilder sentiment is still pretty well off its highs from December, the trend of higher highs and higher lows remains intact. The table below.

After all, the shops I pass on my way to work seem no busier than they were in November, and many have closed; friends are still losing jobs. Sell or short homebuilder stocks. 2. If you plan to.

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Sentiment fell at the end of last year, largely because mortgage rates jumped in the fall, hurting affordability. Newly built homes come at a price premium to existing homes, so higher interest rates can have an outsize effect on the new construction market.