Builder confidence in the market for new single-family homes lifted slightly in November as the National Association of Home Builders’ housing market index inched up to 16 from 15.

Economists had predicted a level of 17 for the monthly gauge of builder sentiment. The October index was revised down to 15 after originally being reported at a level of 16. Homebuilder confidence has averaged 44 the past 10 years.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.