Indicators
US Homebuilder Sentiment Increases to Almost One-Year High
- NAHB/Wells Fargo index rose to 55, exceeding all forecasts
- Sales expectations gauge for June firmest since May 2022
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US homebuilder sentiment advanced in June to an 11-month high as a limited supply of existing homes continued to spark interest in new construction.
The National Association of Home Builders/Wells Fargo gauge rose five points to 55, figures showed Monday. The index, which has increased for six consecutive months, exceeded all estimates in a Bloomberg survey of economists.