The National Association of Home Builders’ Index jumped to 14 in April, following a reading of 9 in March.
The three components of the NAHB/Wells Fargo HMI were reported as follows: the current sales index up to 13 in April from 8 in March, while expected sales jumped to 25 in April from 15 in March.
Traffic through model homes was reported at 14 in April and at 9 from the prior month.