Positive sentiment is building when it comes to single-family home development and construction projects overall.

A fifth consecutive month of gains in the National Association of Home Builders/Wells Fargo Housing Market Index for May took the index out of negative territory for the first time since July to sit at a modest 50.

Meanwhile, the Associated Builders and Contractors reported this week that its Construction Backlog Indicator and Construction Confidence Index reading for sales and staffing moved higher in April, putting all three readings above 50 – a sign of expected growth in the next six months.

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