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U.S. Homebuilder Sentiment Rises for First Time in Five Months

  • Metric improves amid lower lumber prices, high housing demand
  • Housing affordability will be an upcoming challenge, NAHB says
Residential Construction As U.S. Housing Figures Are Released
Photographer: George Frey/Bloomberg
Updated on

U.S. homebuilder sentiment rose in September amid lower lumber prices and strong housing demand. 

A gauge of builder sentiment ticked higher for the first time in five months to 76 from an August reading of 75, National Association of Home Builders/Wells Fargo data showed Monday. The median forecast in a Bloomberg survey of economists called for a slight decrease to 74.