U.S. Homebuilder Confidence Rises to Highest Level This Year
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Confidence among U.S. homebuilders rose in December for a third consecutive month, a sign of stabilization in the housing market.
The National Association of Home Builders/Wells Fargo index of builder confidence climbed to 21, the highest level since May 2010, from a revised 19 in November that was lower than first reported, the Washington-based group said today. Economists projected an index of 20, according to the median forecast in a Bloomberg News survey. Readings below 50 mean more respondents said conditions were poor.