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U.S. Homebuilder Confidence Eases From Record, Remains Robust

New Residential Properties Ahead Of Housing Starts Figures
Photographer: Angus Mordant/Bloomberg

U.S. homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak, signaling that low mortgage rates are still giving the industry a major boost.

A gauge of builder sentiment slipped to 86 from November’s reading of 90 that was the highest in records back to 1985, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. The figure was below the median forecast of 88 in Bloomberg’s survey of economists.