Builder Confidence Rises Slightly


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.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.