Homebuilder sentiment edges higher in March

Homebuilder sentiment in March rose one point to 38 and February's reading was revised one point higher. So it's a slight beat. Now the street was looking for 37, but anything on the NAHB survey below 50 is considered negative.The index stood at 39 one year ago. Now this reading was taken this month as mortgage rates moved higher due to the war in Iran and fears over oil and inflation. Of the index's three components, current sales conditions rose one point to 42.Buyer traffic rose three points to 25 and fu ...