US Homebuilder Sentiment Rebounds Despite Affordability Problems
Workers install roofing on a home under construction in Vacaville, California.
Photographer: David Paul Morris/BloombergUS homebuilder sentiment rebounded in May but remained low overall as affordability concerns continued to weigh on the outlook during the spring selling season.
An index of market conditions from the National Association of Home Builders and Wells Fargo increased 3 points to 37, according to data published Monday. A value below 50 means more builders see conditions as poor than good.