U.S. Homebuilder Optimism Continues Recovery as Buyers Return

August 17, 2020
Olivia Rockeman - Bloomberg

U.S. homebuilders’ outlook improved in July and is back at pre-pandemic levels as the housing market continued to lure buyers looking for more space and attracted by record-low interest rates.

A gauge of builder sentiment jumped to a preliminary 72, a 14-point gain from June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Analysts surveyed by Bloomberg expected a reading of 61. A rating above 50 is considered positive. July’s increase followed a 21-point uptick in June.



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