US Homebuilder Sentiment Climbed to Six-Month High in February
- Sales, outlook and buyer traffic all improve in NAHB report
- Builder sentiment rises across the US, led by western states
Builder sentiment began rebounding late last year as mortgage rates declined, falling below 7% in December.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Sentiment among US homebuilders rose to a six-month high in February as buyers continued to take advantage of mortgage rates that have fallen from their October peaks.
The National Association of Home Builders/Wells Fargo gauge of housing market conditions rose by 4 points to 48 this month, according to data released Thursday. That beat the median estimate in a Bloomberg survey of economists that called for a reading of 46.