A Drifting Housing Market?

 

After a brief rebound in February to 17, from 15 in January, the Housing Market Index fell back to 15 in March (anything above 50 indicates more positive responses than negative and anything below 50 the reverse). The best that can be said at this point is that the index has been essentially flat for nearly a year now, moving in a narrow range. - Photo Courtesy of Calculated Risk Blog

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The housing market is tough to read these days. Recent data appear to have been subdued by strong winter storms and continuing weak consumer confidence. Builders remain concerned as well, as the NAHB/Wells Fargo Housing Market Index reflects. Until consumer confidence rises and people find jobs, it will be a competitive market to secure landscape bids.

The Federal Reserve appears to be just as disappointed as NAHB in the housing market?EUR??,,????'?????<