Homebuilder confidence in May improved from horrible to merely bad. The National Association of Homebuilders/Wells Fargo preliminary Housing Market Index rebounded to 37 in May after plunging in April to 30 in its sharpest single-month drop ever. Homebuilder confidence is considered negative when the index falls below 50. The index was lower in the Northeast, which has the most coronavirus-related deaths in the country and where officials have taken more stringent measures to curb the
source https://therealdeal.com/2020/05/20/trd-insights-homebuilder-confidence-rebounded-in-may/
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