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Transcripts For CNBC Power Lunch 20150217

Diana will tell from yous snowy washington. Wow. Well tyler, look builders are blaming it all on this. Just like they did last were. Take a look. Homebuilder sentiment slid two points month to month on the monthly nahb survey but at 55 its still in the positive and well above the 46 level it was last year. Last were builders blamed the harsh winter. The slowdown continued into the summer due to the price jumps. Builder prices are still very high with big premiums to existing homes, and that may be why traffic fell dramatically. Down five points while sales expectations were flat and current sales were only slightly lower. Builders still pushed the president s day open houses though. That is the unofficial start to the spring season. Not much action over the weekend, though. Again, builders are still pricing very high and Housing Starts are still well below the current demand. This is going to be a very interesting next few weeks. ....

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