US Homebuilder Sentiment Edges Up With Help From Incentives

A worker on the roof of a new home under construction in Vacaville, California.Photographer: David Paul Morris/Bloomberg

Confidence among US homebuilders edged up in December as builders continued to deploy sales incentives to motivate buyers.

An index of market conditions from the National Association of Home Builders and Wells Fargo rose 1 point this month to 39, the highest since April. Still, a value below 50 means more builders see conditions as poor than good.