By Nick Kalivas
Mon 16 Apr 2012 09:05:14 CT
The April NAHB survey fell 3 to 25. Most in the trade were looking for 28. This will be seen as a sign of economic weakness. Buyer traffic fell 4, and current conditions and sales expectations each declined 3. This will be a disappointment to the housing outlook and is a positive for treasury pricing. The lack of recovery in housing keeps deflation risks alive and the Fed thinking about additional QE.
Follow Nick Kalivas
for today's evolving IR commentary
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.