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.

Workers attach siding to a house at a construction site in Trappe, Md., on Oct. 28, 2022. Jim Watson/AFP via Getty Images

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.