- Credit Suisse's Buyer Traffic Index rose to 51 in March from 46 in February, indicating demand rising inline with what would be expected given seasonal trends. Improving weather is key, and March was particularly benign this year.
- Limited supply continues to be a challenge in a number of markets, though that can also contribute to a sense of urgency and bring more buyers through open house doors.
- Fourteen of 40 markets saw higher than expected traffic, 12 saw inline traffic, and 14 lower than expected, with Atlanta traffic meaningfully higher and Seattle and Portland remaining among the top markets.
- Credit Suisse's Michael Dahl is ranked 3,138 out of 3,842 analysts on TipRanks.com.
- Homebuilder ETFs: ITB, XHB
- Now read: 2 Homebuilders That Are Pure Value Plays In A Strong Macro Environment (April 4)