FYI: Homebuilder sentiment for May was unchanged from April, coming in at a level of 58 (anything above 50 indicates optimism). While the headline index was unchanged at 58, economists were actually expecting a reading of 59, so that makes this month’s report the seventh straight that the NAHB sentiment index has come in shy of expectations. The last time we saw a streak that long was in mid-2006.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/homebuilder-sentiment-unchanged/
