A report from Wells Fargo and the National Association of Home Builders suggests the housing market was little changed from March to April, with their headline index coming in once again at a reading of 20, in line with the consensus.
In March and February the index was also at 20.
The present housing index for single family homes was 18 compared to the previous month's reading of 20, while the future index jumped up to 30 compared to March score of 26.
In the last 12 months, the index has dropped a total of 13 points.
By Erik Kevin Franco and edited by Stephen Huebl