NAHB Housing Market Index Lower Monday, March 18, 5:15 PM ET
The National Association of Home Builders announced that its housing-market index was 44 in March, down two points from the previous month and the lowest since October. Results were below expectations, with economists expecting a reading of 48, or an increase of two points. A reading above 50 in the NAHB index means that more builders view conditions as good rather than poor. The last time the gauge was in positive territory was April 2006.
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