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Homebuilder sentiment for single-family homes rose in December

CNBC · Just In
CNBC
CNBC
Just In

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