Home-builder confidence remains near all-time highs

The numbers: For home builders, the good times keep on rolling.

The National Association of Home Builders’ monthly confidence index dropped one point to 74 in February from 75 the month prior, the trade group said Tuesday. That’s just two points below December’s figure, which represented the highest index reading since June 1999.

Index readings above 50 are an indication that confidence is improving, while a figure below that threshold would signal the opposite.

What happened: The three main indicators that guide the overall index all fell by one point this month.

The index of expectations for future sales over the next six months fell to 79 points, from a revised 80 points. The gauge of current single-family home sales dipped to 80, while the index that measures sentiment regarding prospective buyer traffic dropped to 57.

What happened: The three main indicators that guide the overall index all fell by one point this month.

The index of expectations for future sales over the next six months fell to 79 points, from a revised 80 points. The gauge of current single-family home sales dipped to 80, while the index that measures sentiment regarding prospective buyer traffic dropped to 57.