US Real Estate

US Builder Confidence Rises to 8-Month High in December

However, sentiment remained below the break-even level of 50 in every month this year.
US Builder Confidence Rises to 8-Month High in December
Workers attach siding to a house at a construction site in Trappe, Md., on Oct. 28, 2022. Jim Watson/AFP via Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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U.S. builder confidence continued to rise in December, reaching its highest level in eight months, but ended the year below the neutral level, according to a Dec. 15 report from the National Association of Home Builders (NAHB).

The NAHB/Wells Fargo housing market index (HMI) inched up by 1 point to 39 in December, the highest reading since April. However, sentiment remained below the break-even level of 50 in every month this year.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.