NABH Housing Market Index Update: 2/19

The NAHB Housing Market Index, which measures builder confidence, rose 1 point in February to 84, which was a bit stronger than expectations.  A reading above 50 signals expansion and we are well above that level.  Also, we are near the highest levels on record.Current Sales remained stable at 90, Future Sales Expectations fell by 3 points to 80, and Buyer Traffic increased 4 points to 72.