photo from above of homes in a neighborhood Source: Shutterstock.

U.S. homebuilder sentiment rose for a fourth month in April as limited resale inventory helped drive demand for new houses, suggesting the residential real estate market is slowly recovering.

The National Association of Home Builders/Wells Fargo gauge edged up one point to a seven-month high of 45, figures showed Monday. Even with the recent improvement, the gauge is well below levels seen at the end of 2021, when mortgage rates were much lower.

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