U.S. home builders' index remains at 20 in April

U.S. home builders remain discouraged about their industry, but attitudes didn't worsen in April, according to the monthly sentiment index released Tuesday by their trade group. The National Association of Home Builders/Wells Fargo housing market index remained at 20 in April, matching analysts' expectations and close to the record low of 18 reached in December. The index shows that about one in five home builders has a positive view of the industry. Sentiment among builders has been at or below 20 since September.

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If that index lags the XHB, it ought to uptick during the next few months. We'll see.