Home Builder Sentiment Posts Biggest Monthly Housing Surge

Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Association of Home Builders/Wells Fargo Housing Market Index

Any reading above 50 indicates a positive market. In April, it plunged a record 42 points to 30.


Of the index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43.

A faster-than-expected turnaround in home buyer demand, following a sharp drop-off at the start of the corona virus pandemic, has the nation’s home builders bullish on their business again.


Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Association of Home Builders/Wells Fargo Housing Market Index. Any reading above 50 indicates a positive market. In April, it plunged a record 42 points to 30. full article

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