Home-builder sentiment rose for the fourth month in a row in April, the National Association of Home Builders said.
The numbers: A lack of listings on the resale housing market is boosting demand for new construction, which is lifting home-builder confidence.
The National Association of Home Builders monthly confidence index rose one point to 45 in April, the trade group said on Monday. Builders are cutting home prices to attract buyers as one of their tactics, the NAHB said, with 30% saying they dropped prices in April. That was down from 31% in March.Big picture: It’s home builders’ moment to shine — and they’re very happy about it.
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