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Homebuilder confidence hits 3-year low

December 17, 2018 / Alcynna Lloyd

Persistent affordability concerns contributed to homebuilder confidence retreating four points to 56 in December, according to the National Association of Home Builders/Wells Fargo Housing Market Index. December's reading is the lowest HMI score since May 2015, marking a three-year low. Despite this, NAHB claims builder sentiment remains in positive territory.