Confidence among U.S. homebuilders held steady in May, signaling limited progress in residential real estate during the busy spring selling season, National Association of Home Builders/Wells Fargo data showed May 16.

Purchases of new homes in the United States unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014.

Purchases of previously owned U.S. homes rose more than projected in March, indicating resilience in demand heading into the spring selling season.

Home values in 20 U.S. cities kept climbing in January, a sign the limited supply of available properties may push prices out of reach for some buyers.

Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the United States, a good sign as the spring-selling season approaches.

Purchases of new homes climbed in February for the fourth time in the past five months as demand snapped back in the western United States.

Sales of previously owned U.S. homes dropped more than forecast in February after reaching the second-highest level since 2007 as low inventory levels continue to limit progress in housing.

Contracts to purchase previously owned homes unexpectedly dropped in January by the most in two years, representing a setback in residential real estate leading up to the spring selling season.

Purchases of new homes dropped more than forecast in January as contract signings slumped in the western United States by the most since May 2010.

Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest level since early 2007, indicating the industry will keep prospering.