By Symone Strong
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory, reports the NAHB.
The NAHB/Wells Fargo Housing Market Index (HMI), measuring builder sentiment in the market for newly built single-family homes, moved one point higher to 84 in December, tying the highest reading of the year that was posted in February. In this seasonally adjusted index, any number above 50 indicates that more builders view conditions as good than poor.
