Builder confidence in the market for newly built single-family homes slid two points in May to a level of 54, but still posted a nine-point increase from a year ago, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

A reading of 50 or more indicates that more builders view conditions as good than poor.

“Despite this month’s slight dip, builder confidence in the new-home market remains above the 50-point benchmark,” said NAHB Chairman Tom Woods. “Overall, the second quarter of 2015 is shaping up to be very solid.”

Email Teke Wiggin.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Connect Now starts next week! Get all 3 events for just $99.Get the deal!×