Published: 2023-12-18T15:14:47.000Z
US December NAHB Homebuilders Index sees first rise since July
Senior Economist , North America
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December’s NAHB homebuilders’ index rose to 37 from 34, its first rise since July reached 56, and in line with expectations. Mortgage rates have moved off recent highs. The MBA house purchase index has also been showing signs of recovery from recent weak readings.
NAHB detail shows the strongest rise out of the three subcomponents coming from future expectations, to 45 from 39, while current sales were unchanged at 40. Buyer traffic increased to 24 from 21. While the improvement in the NAHB index may extend further in early 2024, new home sales look set to fall in the short term.
