By Kelsey Ramírez | Builder
Builder confidence improved in December to its highest reading in 18 years as builders say housing market conditions are improving due to new policies, according to the Housing Market Index by the National Association of Home Builders and Wells Fargo.
Builder confidence increased five points to 74 in December, up from a downwardly revised November reading. Before the downward revision, November showed the highest level of builder confidence in months. Now, December’s increase placed builder confidence at its highest level since July 1999.
