Key takeaways
- Confidence from homebuilders has now fallen every month for a year, hitting levels not seen since 2012, according to the National Association for Home Builders (NAHB).
- An index below 50 is considered negative, and in December sentiment fell 2 points to hit 31.
- The NAHB believes this negative trend will continue into 2023, but that a housing market recovery could happen in 2024.
Homebuilder confidence has fallen for the 12th month in a row, with the National Association for Home Builders (NAHB) experiencing the lowest sentiment since 2012. It comes at a time as demand for real estate plummets, with interest rates rising and cost of living not yet coming back down.
Sentiment numbers below 50 are considered negative, and December saw the index drop by two points to hit 31.
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