U.S. homebuilder confidence rises as affordability concerns persist: report
Contributed by NAMPA / Xinhua.
WASHINGTON, May 15 (Xinhua) -- Homebuilders' confidence in the U.S. housing market maintained its upward trend even as affordability challenges persist, the National Association of Home Builders (NAHB) said in a report Wednesday.
The NAHB's latest Housing Market Index (HMI), a measurement of builder confidence in the market for newly-built single-family homes, rose 3 points to 66 in May, reaching its highest level since October last year.
The reading of the HMI was 62 in March and 63 in April, w ...