While a retreat from last month's reading, the latest builder index is in line with a gradual, consistent housing recovery, said David Crowe, the NAHB's chief economist.
"With job creation, economic growth and growing household formations, we anticipate the housing market to continue to pick up traction as we head into 2016," Crowe said.
12:52 Sears reveals 'substantial' doubts about future, shares plunge 11%15
12:34 Sears warns of 'going concern' doubts13
19:53 Costco Wholesale expands test of home grocery delivery through new third-party service19
20:13 New York City FC held to 1-1 draw by visiting Montreal Impact19