U.S. Home Builder Confidence Slips From December, But Remains High

U.S. builders remain highly confident about the market for newly-built single-family homes, but their optimism slipped in January from the highest level in more than a decade the prior month.

The National Association of Home Builders, a trade group, said Wednesday its housing-market index fell to 67 in January. The December reading was revised down to 69 from an initially reading of 70, but it remained the highest monthly reading.