U.S. Homebuilder Confidence Unexpectedly Continues To Improve In May

Homebuilder confidence in the U.S. has unexpectedly improved in the month of May, the National Association of Home Builders revealed in a report released on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index jumped to 50 in May from 45 in April. Economists had expected the index to come in unchanged compared to the previous month.Original Article