CNBC’s Diana Olick reports on the latest housing data to cross the tape.
Breakdown
- Homebuilder sentiment rose 1 point to 39 in December, still below neutral
- Current sales conditions and future sales expectations both increased 17s
- Builders face rising costs and more competition from existing homes 29s
- Sentiment rose in all regions except Northeast, where it remains highest 33s
- 40% of builders cut prices; sales incentives hit 67%, highest post-COVID 46s