*SCALPSWINGSTRADDLE*

[Zephyr]

Housing Market Index
Released On 3/17/2014 10:00:00 AM For Mar, 2014
Prior Prior Revised Consensus Consensus Range Actual
Housing Market Index 46 46 50 45 to 54 47
Market Consensus before announcement
NAHB housing market index for February fell very sharply, down a record 10 points to a much weaker-than-expected 46 which is the lowest reading since May last year. The traffic component fell 11 points to a very weak 31 which was the lowest reading since April. The component for current sales slowed substantially, also down 11 points but to a still plus-50 level of 51 that indicates monthly growth. Future sales fell 6 points to a still respectable 54. The regional breakdown shows broad weakness especially in the Northeast. The strongest region remains the West where California has been mostly spared by heavy weather.