Builders’ confidence in the market for new single-family homes surged in May, as the National Association of Home Builders’ housing market index — a monthly gauge of builder sentiment —– climbed to 22 from April’s level of 19, the group announced yesterday.

The index is now at its highest point since August 2007.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.