NAHB analysis of Conference Board Consumer Confidence Index data.

Consumer confidence for February fell to 92.2 from 97.9 in January, per the Conference Board. National Association of Home Builders economics researcher Jing Fu reports that 19.8% of consumers say business conditions are "bad," and 12.0% expect them to get worse in the next six months, both increases.

Jing Fu's analysis also looks at Conference Board data on people who say they expect to buy a lived-in home within six months. That number also plummeted to 2.5% in February, from 3.7% in January. Still, for those who crave a silver lining, there was this:

Despite the monthly volatility, the trends in the shares of respondents planning to buy a new home and the shares of respondents planning to buy a lived-in home within six months are climbing up from the trough and consumer confidence remains at a relatively high level by historical standards.

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