U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December

By Third PartyDecember 21, 2022

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Source: RTT News —

Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of December, according to a report released by the National Association of Home Builders on Monday.

The report showed the NAHB/Wells Fargo Housing Market Index fell to 31 in December from 33 in November. The decreased surprised economists, who had expected the index to rise to 36.