• U.S. homebuilder sentiment soured in May for the first time in six months as high interest rates on home loans kept potential customers on the sidelines and more builders had to offer incentives to lure buyers, data out Wednesday showed.
• The National Association of Home Builders/Wells Fargo Housing Market Index fell unexpectedly to 45 in May, the lowest since January, from 51 a month earlier. The reading was lower than all 30 estimates in a poll of economists by Reuters, which had a median expectation for 51.

https://www.reuters.com/markets/us/us-homebuilder-sentiment-tumbles-rates-slow-buyer-traffic-2024-05-15/