How strong is the US housing market?

There have been quite a few reports which pointed towards weakness in the US housing market. Weather has been cited as a big reason for this, but I think there may be underlying weakness in the US housing market. This could mean more USD weakness ahead as if the housing recover falls short the US economy could be in deeper stress which would keep the Fed in play and print more money.

I think overall the US is much weaker than expected. The housing market is struggling, but I think the NFP report on Friday will really punish bulls as I predict the third consecutive NFP report which disappoints heavily.