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The National Association of Home Builders (NAHB) released its housing market index for the U.S. today. The NAHB housing market index rose to 58.0 in November from 54.0 in October, exceeding expectations for a rise to 55.0.
A level above 50.0 is considered positive, below indicates a negative outlook.
The NAHB Chairman Kevin Kelly said that the increase was supported by growing confidence among consumers.
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