Builder Confidence Shows Resilience

In a positive turn for the housing market, builder confidence for newly built single-family homes edged up by one point to 40 in April, as reported by the National Association of Home Builders (NAHB)/Wells Fargo this Wednesday.

Mixed Signals in Sales Indicators

The index for current sales conditions saw a modest increase of two points, reaching 45. However, the sales expectation index for the next six months wasn't as optimistic, dropping by four points to 43. On a brighter note, the traffic of prospective buyers experienced a slight uptick, increasing by one point to 25.