Winter Weather Affecting Housing Market

Recent data suggests that the economy has declined in certain areas due to the severe winter weather conditions. The National Association of Home Builders has stated that the housing market took a hit this month, decreasing 10 points and averaging 46, the lowest number seen since May of 2013. Kevin Kelly, NAHB Chairman said, “significant weather conditions across most of the country led to a decline in buyer traffic last month, builders also have additional concerns about meeting ongoing and future demand due to a shortage of lots and labor.” More here

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