A gauge of home-builder sentiment south of the border was unchanged in May, a sign of steady growth for the U.S. housing market.
The National Association of Home Builders said its housing market index held at 58 this month. A reading over 50 means most builders generally see conditions in the single-family housing market as positive. However, this reading has not changed in four months.
Economists expected a reading of 59 in May.
The index has been positive since mid-2014 and reached a post-recession high of 65 in October before declining.
Alongside rising employment, low mortgage rates have helped fuel demand, thus boosting expectations for sales in the next six months to the highest level of the year.
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