US Homebuilder Sentiment Continues to Rise in April.

Homebuilder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce. The National Association of Home Builders/Wells Fargo Housing Market Index climbed to 45 in April, a 1-point gain. Builders cited a lack of listings on the resale market, which gave them an unusually strong edge. Slightly lower mortgage rates are also helping demand. Meanwhile, sales expectations in the next six months increased 3 points to 50.