Builder confidence in the market for single-family homes in May was 40, up one point from the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The current sales conditions index rose two points to 45, sales expectations in the next six months fell four points to 43 and traffic of prospective buyers increased one point to 25.
Warsh to be sworn in as Fed chair on Friday
President Trump will host a swearing-in ceremony on Friday for incoming Federal Reserve Chairman Kevin Warsh, according to a news report. Jerome Powell is currently serving as chair pro tempore.









