NAHB Housing Market Index

The NAHB (National Association of Home Builders) released their Housing Market Index, which is a real-time read on builder confidence for March. Today's report came in at 62, which is a strong figure and unchanged from the February reading. Looking at the three components - Current Sales increased 2 points to 68 and Future Sales increased 3 points to 71. Buyer Traffic fell 4 points to 44. Any reading over 50 signals expansion, so buyer traffic is the only one that is slightly weak.