Economics
U.S. Homebuilder Sentiment Improved in July on Stronger Sales
A contractor power washes the driveway of a new home at a development in Harbor City, California on June 22.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Sentiment among U.S. homebuilders crept higher in July after falling the previous month, indicating lower mortgage rates are helping shore up demand.
The National Association of Home Builders/Wells Fargo Housing Market Index rose one point to 65 this month, according to a report Tuesday. Economists in a Bloomberg survey projected the gauge would hold at 64.