After sitting tight for four straight months, confidence among U.S. homebuilders improved in June. A monthly survey of builder sentiment from the National Association of Home Builders (NAHB) rose two points to 60. Anything above 50 is considered "positive" sentiment.
"Builders in many markets across the nation are reporting higher traffic and more committed buyers at their job sites," said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Illinois. "However, our members are also relating ongoing concerns regarding the shortage of buildable lots and labor and noting pockets of softness in scattered markets."