WASHINGTON, Dec. 19 (UPI) — Builder confidence in the U.S. market for newly built, single-family homes rose slightly in December, a national housing market index indicated.
The National Association of Home Builders/Wells Fargo Housing Market Index gained for the third consecutive month, adding 2 points to reach 21, the trade group said.
The index remains in a long-term slump, but reached the highest point since May 2010.
The break-even point on the index is 50 points. Above 50 indicates more builders in the survey indicated they viewed business conditions as favorable than unfavorable.