November 22, 2024 3:03 pm
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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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.