Builder confidence edged higher in May as the National Association of Home Builders reported its latest reading. The index climbed three points but stayed below the break-even level for the 25th month in a row.
The National Association of Home Builders said its Housing Market Index reached 37 in May after rising three points from April. The figure marks continued weakness in the sector despite the small gain. Persistent affordability issues and broader economic concerns weighed on sentiment.
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Wall Street markets closed higher on May 13, led by gains in the technology sector ahead of the US-China meeting.
Existing home sales in the United States climbed to their highest level this year in May. The gain followed a smaller increase the prior month.
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Existing home sales in the United States fell 3.6% in March after a brief rebound the previous month. The National Association of Realtors reported a seasonally adjusted annual rate of 3.98 million units, the lowest since last June. NAR Chief Economist Dr. Lawrence Yun attributed the slowdown to lower consumer confidence and softer job growth.
According to Fedesarrollo, the Commercial Confidence Index stood at 20.5% in May 2026, down 1.3 percentage points from April.
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A weekly survey by the American Association of Individual Investors showed bullish sentiment among respondents dropping sharply to 30.4 percent. The figure marks the lowest level recorded so far in 2026.
Indian stock markets surged more than 2 percent on Friday amid expectations of a diplomatic breakthrough between the US and Iran.
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The U.S. added just 57,000 nonfarm payrolls in June, well below forecasts, as the labor market cooled markedly.