US April NAHB housing market index 40 vs 37 expected

• Prior was 39

Details:

• Single family 45 vs 43 prior
• Prospective buyers 25 vs 24 prior
• Sales expectations 43 vs 47 prior

There has been some good news for the battered US housing market today as building materials were strong in the retail sales report and now sentiment has picked up. To be far, a reading at 40 is still very close to the bottom of the range since the start of 2024 but at least it’s not worsening.

Regionally:

• Northeast 43 versus 47 last month
• Midwest 43 versus 38 last month
• South 38 versus 39 last month
• West 35 versus 34 last month

This article was written by Adam Button at www.forexlive.com.