NAHB index holds near a record low in March
* The overall index held at 9 in March, unchanged from February and one point above January's record low of 8.
* The subindex measuring current sales was unchanged at 7, while the subindex measuring expectations about future sales was also unchanged -- at 15. The subindex measuring prospective buyer traffic dropped to 9 from 11.
* Regionally, the index ticked up to 9 from 8 in the Northeast. All other regions were unchanged (the Midwest at 8, the South at 12, and the West at 5).