Builder Confidence Still Fairly Solid Despite Catching Cold

Bad weather appears
to be taking a toll on otherwise solid builder confidence.   The
National Association of Home Builders (NAHB) said its Housing Market Index
(HMI), a measure of builder attitudes toward new home construction, was down 2
points to 55 in February after falling 1 point the month before.

NAHB Chairman Tom Woods blamed the dip in
part the serial snowstorms that have hit much of the nation for the last month.
He said, “Overall, builder sentiment remains fairly solid, with this slight
downturn largely attributable to the unusually high snow levels across much of
the nation.


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