US DATA REACT: Jefferies says of the lower NAHB index: “The housing
sector appears to be struggling to stabilize, and there is no evidence
to suggest that a recovery of any significance is underway.” BMO says
slip in NAHB index “fully erased the prior month’s gain and suggests
that the sector, which had stabilized up until recently, has entered
another rough patch.” BMO is esp concerned about lower traffic since Mar
should not have been impacted by snowstorms.