There's more at play in the recent housing setback than just this winter's frozenomics, the chairman and CEO of a major home builder told CNBC on Monday.
"The mortgage rate increase combined with housing increases this past year in the good market, ... caus[ing] some buyers to hold back a little bit and hesitate [on] a little sticker shock," he said. "But they haven't really changed their house buying patterns in terms of what size and what price." He said he sees improvement in sales in recent weeks.
(Read more: What is out of whack with housing? Not the snow)