The National Associaton of Homebuilders/Wells Fargo housing market index climbed 5 points to 14 in April.  This number is derived from a survey taken by 360 residential homebuilders nationwide.  Let me repeat that... it's a survey.  So take this information with a grain of salt... or a 50 pound bag of salt. 

The $8,000 tax credit for first time homebuyers is creating some buying traffic, but keep in mind that an index reading under 50 indicates negative sentiment about the market.  We're still at 14, historically a very low number.  It's kind of like the homebuilders went from feeling absolutely terrible to feeling really terrible.  Don't let the headlines fool you.  Read the full story here.