WASHINGTON (MarketWatch)A gauge of home-builder confidence rose in December to the highest level in four months, led by views on current sales of single-family homes, according to a report released
The National Association of Home Builders/Wells Fargo housing-market index reached 58 this month, up from 54 in November
Economists polled by MarketWatch had expected a December level of 56
Results above 50 signal that builders, generally, are optimistic about sales trends
Part of December's improvement is a rebound from the government shutdown that hit housing, said David Crowe, NAHB's chief economist
"We continue to look for a gradual improvement in the housing recovery in the year ahead," Crowe said
NAHB's overall builder-confidence gauge increased 23% over the past year, supported by pent-up demand, even as mortgage rates rose
The builder-confidence barometer is at higher levels than those typically associated with current construction rates
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