US Homebuilder Sentiment Increases by Most in Nearly a Year
The National Association of Home Builders/Wells Fargo gauge of housing market conditions increased seven points to 44, according to data out Wednesday.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
US homebuilder sentiment climbed January by the most in nearly a year as lower mortgage rates boosted customer traffic, sales and the demand outlook.
The National Association of Home Builders/Wells Fargo gauge of housing market conditions increased seven points to 44, according to data out Wednesday. The January figure exceeded all estimates in a Bloomberg survey of economists.