Interest Rate Roundup

Monday, March 16, 2009

NAHB index holds near a record low in March

The National Association of Home Builders just released its latest home builder sentiment index figures.

* 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).


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