Posted 12/18/2023, 3:00:00 PM
Homebuilder Confidence Ticks Up as Mortgage Rates Decline
- Homebuilder confidence rose in December as mortgage rates fell, according to the National Association of Home Builders index
- The index measures current sales, buyer traffic, and outlook for new home sales
- Builder sentiment had been dropping since August due to rising rates
- The index remains below 50, indicating negative sentiment, but improved from November
- Falling mortgage rates should help spur homebuyer demand in coming months, says NAHB economist