A report released by the National Association of Home Builders on Wednesday showed a much bigger than expected improvement in U.S. homebuilder confidence in the month of February.
The report said the NAHB/Wells Fargo Housing Market Index jumped to 42 in February from 35 in January. Economists had expected the index to inch up to 37.
With the much bigger than expected increase, the housing market index reached its highest level since hitting 46 last September.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.