Mumbai, Dec. 16 -- The National Association of Home Builders released a report on Monday showing a modest improvement by U.S. homebuilder confidence in the month of December.
The report said the NAHB/Wells Fargo Housing Market Index crept up to 39 in December after inching up to 38 in November. The uptick, which matched economist estimates, lifted the index to its highest level since hitting 40 in April.
Despite the modest increase, the NAHB noted sentiment levels were below the breakeven point of 50 every month in 2025.
The uptick by the headline index came as the index measuring future sales and the index gauging current sales conditions both inched up by one point to 52 and 42, respectively, while the gauge charting traffic of prospec...