Recent data from the National Association of Home Builders (NAHB), Washington, D.C., reflects the slow start in the residential construction market, which many analysts attribute to unusually cold weather across much of the United States.
The March NAHB/Wells Fargo Housing Market Index, a gauge of builder perceptions of current single-family home sales and sales expectations for the next six months, held roughly the same at 47 points, which is up one point from the unrevised February level of 46 points. Any number over 50 points indicates that more builders view conditions as good than poor. The past two months have the same message: unusually cold and wet weather over much of the US combined with increasing concern among builders that the supply chain cannot keep up with the expected spring rebound.
