Home builders' confidence held steady in April, reflecting an optimistic outlook for the new homes market. A strong labor market is expected to help home sales.

 

Housing starts and new permits were down slightly in March but are expected to rebound. Overall, housing market fundamentals remain strong.

 

Existing home sales rebounded in March after being down in February. Prices rose 5.7% over last year, while sales jumped 5.1% and were up 1.5% from a year ago.