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Here Comes Homebuilder Confidence...

Mamta Badkar   

Here Comes Homebuilder Confidence...
Stock Market1 min read

The NAHB housing market index, a gauge of homebuilder confidence, for January is out at 10 a.m. ET.

Economists polled by Bloomberg are looking for homebuilder confidence to stay unchanged at 58. Confidence hit an eight-year high in December.

New home sales fell 2.1% in November to an annualized pace of 464,000. And housing starts are expected to ease in December.

Meanwhile, homebuilder sentiment has been decoupling from reality as housing starts have failed to keep up.

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