David Seiders of NAHB: Housing recovery still a year away

Confidence among home builders actually improved this month. So finds the latest survey from the National Association of Home Builders, with all four regions of the country showing improvement. Still, there's a long ways to go before we're on firm footing. Calling this the "sharpest, deepest" contraction since the 1930s, David Seiders, the chief economist at the trade group, still thinks we will have to wait until next year for a housing recovery. He talks with John Wordock.