As of April 28, 2023, the housing market is experiencing a surge in homebuilder sentiment, which is reflected in the rising stock prices of most homebuilders. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index, a monthly survey designed to measure confidence in the market, has increased for the fourth consecutive month to 45, surpassing market forecasts of 44. This rise in confidence can be attributed to the lack of available listings on the resale housing market, which is driving demand for new construction. Builders are optimistic about the future as buyers struggle with a limited number of homes on the market.
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