The NAHB is weak

By Nick Kalivas - Mon 16 Apr 2012 09:05:14 CT
Related Keywords: Interest Rates

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.

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