Economists polled by Thomson Reuters had on average expected a May reading of 43 for the Housing Market Index. "While industry supply chains will take time to re-establish themselves following recession-related cutbacks, builders' views of current sales conditions have improved and expectations for the future remain quite strong as consumers head back to the market in force," said NAHB Chief Economist David Crowe. Still, a Housing Market Index reading below 50 indicates that a majority of builders view market conditions as poor. The Federal Reserve on Wednesday said that U.S. industrial production declined by 0.5% during April after having increased by 0.3% in March and 0.9% in February. Economists expected a smaller decline in production of just 0.1% in April. Total industrial production during April was 1.9% above the level a year earlier.
CitigroupCiti's shares have returned a remarkable 30% this year, following a 51% return during 2012. The shares trade for just below their reported March 31 tangible book value of $52.35, and for 9.7 times the consensus 2014 earnings estimate of $5.32, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $4.71. C data by YCharts
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-- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email.