Builders' confidence in the market for new single-family homes soared as the National Association of Home Builders' housing market index — a monthly gauge of builder sentiment — rose to 52 in June from 44 in May.

Thomson Reuters' poll of economists predicted the index would rise to 45.

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.