March NAHB Housing Market Index Unchanged at 20
The NAHB’s Housing Market Index held steady at 20 in March as analysts had expected. In Dec. the index hit an all-time low of 18 and has moderated above that level slightly.
The index for current sales conditions remained at 20 and the index for prospective buyers’ traffic remained at 19. The index measuring 6-month sales expectations, however, fell to 26 from 27.
Of the 4 regions the index covers, the Northeast fell to 21 from 23 and the West fell 1 point to 15. The Midwest region held steady at 16 and the South region reported a 2-point gain to 26.