Homebuilder Confidence Rises to Highest Level Since 2006
This article is for subscribers only.
Confidence among U.S. homebuilders climbed in December for the eighth straight month, reaching its highest level in more than six years and adding to signs the real-estate market is aiding the economic expansion.
The National Association of Home Builders/Wells Fargo index of builder confidence increased to 47, the highest since April 2006, from a revised 45, the Washington-based group reported today. The December figure matched the median forecast in a Bloomberg survey of 49 economists.