Real Estate

April homebuilder sentiment rises as builders grab near record market share

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Stacks of bricks outside a home under construction in the CastleRock Communities Sunfield residential development in Buda, Texas, U.S., on Wednesday, May 15, 2021.

Sergio Flores | Bloomberg | Getty Images

Builder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce.

The National Association of Home Builders/Wells Fargo Housing Market Index climbed to 45 in April, a 1-point gain. Anything below 50 is considered negative.

The reading is the highest since September. The index stood at 77 in April 2022.

Builders in the report cited a lack of listings on the resale market, which gave them an unusually…



Source cnbc.com

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