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US homebuilder confidence stayed steady in December, reaching its highest point since April 2022.
Homebuilder confidence in the U.S. held steady in December, with the National Association of Home Builders' Housing Market Index at 46, its highest since April 2022.
Despite concerns over high interest rates, construction costs, and limited buildable lots, builders are optimistic about future sales, with expectations reaching a nearly three-year high of 66.
Prospective buyer traffic dipped slightly to 31, and 31% of builders reported cutting prices by an average of 5%.
4 months ago
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