Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
The May reading marked the fourth straight month of the HMI standing at an index value of 58. While the HMI remains in positive territory, soft economic data for the start of 2016, combined with persistent supply issues including access to building lots and rising regulatory burdens, are having impacts on the single-family construction market.
Read more at NAHB Eye On Housing
