Price discounts for new homes are drying up as demand rebounds, homebuilders say

• Fewer homebuilders are offering discounts on new homes, as confidence in future demand strengthens.
• The share of builders reducing prices was 30% in April, down from 36% in November, NAHB said.
• Meanwhile, there's little evidence that turmoil in regional banks has affected builders.

Homebuilders are growing less likely to offer discounts on new homes, as their optimism about the housing market edged higher for a fourth month.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, the share of builders reducing prices was 30% in April.