RTTNews - The National Association of Home Builders said its index of sentiment rose in May to a level of 16. This was up from the mark of 14 recorded for April and represented its highest reading since last September.

The attitudes of home builders improved for both the present situation and for the next several months, the survey showed.

The index for the present situation rose to 14 from April's level of 12. The index for the next 6 months climbed to 27 for May from a level of 24 in the previous month.

The report's index of traffic remained stable with April's reading at 13, though this remained its highest level since late last summer.

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