After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. Though the index fell from it’s 35-year series high, it is still the fourth month in its history the score broke 80.
In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded readings in November.
Regionally, the West continued to show the greatest promise, with builder confidence in the three-month moving averages jumping up two points to details ⇒
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