Homebuilder confidence in the U.S. jumped much more than expected in the month of June, according to a report released by the National Association of Home Builders on Monday, with the group's homebuilder confidence index surging up to a seven-year high.
The report said the NAHB/Wells Fargo Housing Market Index soared to 52 in June from 44 in May. Economists had been expecting the index to show a much more modest increase to a reading of 45.
With the much bigger than expected increase, the index reached its highest level since hitting 54 in March of 2006.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.