Builders’ confidence in the market for new single-family homes gained slightly, as the National Association of Home Builders’ housing market index rose to 17 in March from 16 in February. That was in line with economists, who had forecast a level of 17.

“Builders are cautiously looking forward to the spring home-buying season in hopes that improving economic conditions will help bring more buyers to the table,” said NAHB chairman Bob Nielsen.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.