News | WALL STREET JOURNAL - Snow Weighs on Home-Builder Confidence, But It's No Polar Vortex
"We know from last year's experience during the polar vortex, when the headline index fell 10 points, that the NAHB survey is extremely susceptible to severe weather, so we can't right now view it as a reliable indicator of the underlying trend in housing market activity," Ian Shepherdson, chief economist for Pantheon Macroeconomics, said in a note to clients.
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Posted: 18th Feb 2015
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