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.
ABA, associations urge flexibility in large bank stress test changes
ABA joined three financial sector associations in urging the Federal Reserve for a more flexible compliance deadline for proposed changes in the stress capital buffer requirement for large banks.