Real Estate

Homebuilder confidence ends year at high point even as inflation rises

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Construction workers frame a new home being built by CastleRock Communities in the Sunfield neighborhood of Buda, Texas, U.S., on Wednesday, Nov. 10, 2021.

Matthew Busch | Bloomberg | Getty Images

Surprisingly strong housing demand, even in the usually slower season for housing, has homebuilders feeling increasingly confident.

Builder sentiment in the single-family housing market rose one point to 84 in December, on the National Association of Home Builders/Wells Fargo Housing Market Index, or HMI. That is the fourth consecutive increase and ties with February for the highest level of the year. Anything above 50 is considered positive sentiment.

The increase comes despite concerns over…



Source cnbc.com

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