NAHB: Builder Confidence Declines in December

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 56 in December, down from 60 in November. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI......(read more)

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