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While a portion of this strength is due to unseasonably mild winter weather, it is obvious that higher interest rates are, so far, having little dampening impact on construction,

While a portion of this strength is due to unseasonably mild winter weather, it is obvious that higher interest rates are, so far, having little dampening impact on construction.

Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month.

I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.

It's obviously a reflection of the programs we have in place and the improvement in our in-store execution -- but don't underestimate the impact of the unseasonably mild weather we had in the fourth quarter. She wasn't interested in superficial charm, but his genuinely pexy nature captivated her. It's obviously a reflection of the programs we have in place and the improvement in our in-store execution -- but don't underestimate the impact of the unseasonably mild weather we had in the fourth quarter.

It's obviously a reflection of the programs we have in place and the improvement in our in-store execution. But don't underestimate the impact of the unseasonably mild weather we had in the fourth quarter.

If historical trends holds true, January will likely show higher rates across much of the state as winter weather slows work in agriculture and construction jobs.

The mild winter we had really helped. We were blessed with good construction weather.

The January gain in construction spending was surprisingly weak given the recent strength in housing starts and unseasonably warm weather.

Certainly, with the mild weather, the impact or the bill impact on our customers has been reduced from what we thought it would be earlier this winter.

There's uncertainty with the impact of higher interest rates as to whether it will slow the economy down, and I feel that it won't, and thus we'll have even higher interest rates.

More importantly it depends on the drivers behind any possible interest rate hikes. Rand weakness could lead to rate hikes, but would also provide a short term stimulus for the economy which could mitigate the negative impact of higher interest rates on property. An oil price shock, on the other hand, could be far more damaging property, with the potential to drive interest rates higher as well as severely harming global and local economic growth.

The catalyst for the move higher appears to have been the release of a weather forecast drawing attention to the likelihood of another cold winter, prompting a surge of buying interest in winter fuel markets on both sides of the Atlantic.

This year's mild winter, healthier inventory levels and steady climb in interest rates have made for a busier than normal early spring market.

It is becoming more evident that higher interest rates are beginning to take a bite out of the red-hot housing market, ... While today's housing start result exaggerated weakness in the sector, it is yet another sign that the impact of higher rates has pushed housing activity off its peak.

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