Ekonomické zprávy

U.S. homebuilder confidence unexpectedly improves in May

The National Association of Homebuilders (NAHB) announced on Tuesday its housing market index (HMI) jumped to 50 in May from an unrevised April reading of 45. That marked the fifth straight monthly improvement in builder confidence and was the highest reading since July 2022 (55).

Economists had anticipated the HMI to remain unchanged at 45. 

A reading over 50 indicates more builders view conditions as good than poor.

All three of the major HMI components recorded advances in early May. The component charting sales expectations in the next six months climbed 7 points to 57, the component tracking current sales conditions jumped 5 points to 56, and the component measuring traffic of prospective buyers went up 2 points to 33.

Commenting on the latest report, NAHB Chief Economist Robert Dietz noted that the lack of existing inventory continues to drive buyers to new construction. “With limited available housing inventory, new construction will continue to be a significant part of prospective buyers’ search in the quarters ahead,” he added.

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