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

Builders concerned about rising mortgage interest rates slowing demand for new homes

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.