Dive Brief:

• The National Association of Home Builders says its monthly member survey turned up increasing confidence in the market in June, falling just shy of the tipping point at which there are more builders who think things are looking up than those who think the doldrums will remain.
• The National Association of Home Builders/Wells Fargo Housing Market Index rose four points to 49, the biggest change in either direction in recent months.
• The index is a composite of how builders say they see current sales of single-family homes, sales in the coming six months and their traffic from potential buyers.

Dive Insight:

Builders have been feeling they will have sales, but their gauge of buyer traffic keeps pulling the index under 50. All three categories rose in June, with current sales nationally coming in at 54 and the six-months-out sales coming in at 59. But even with the boost, buyer traffic was at 36.