Homebuilder confidence drops from record high

By Diana Olick | CNBC

After three straight months of record highs, homebuilder confidence in the single-family housing market pulled back in December.

Builders say they are concerned that buyers are starting to experience sticker shock.

Sentiment dropped 4 points to 86 in December, according to the latest NAHB/Wells Fargo Housing Market Index. That is now the second-highest reading in the history of the index, which dates to 1985. Anything above 50 is considered positive. Last December, the index stood at 76.

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December 17, 2020

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