U.S. Homebuilders Confidence Improves in April

The U.S. National Association of Home Builders (NAHB) housing market index rose to 83 in April, compared with 82 in March, data showed on Thursday.

The current sales conditions index also leveled up one point to 88, while the index for sales expectations in the next six months declined by two points to 81.

“Despite strong buyer traffic, builders continue to face challenges to add much-needed housing supply to the market,” said the Chairman of NAHB, Chuck Fowke.

“While mortgage interest rates have trended higher since February and home prices continue to outstrip inflation, housing demand appears to be unwavering for now as buyer traffic reached its highest level since November,” said NAHB Chief Economist Robert Dietz.