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First Cut: NAHB Housing Market Index gets a boost from renewed sales and buyer traffic

The NAHB/Wells Fargo Housing Market Index for June got a fresh impetus higher to 58 in June after 37 in May. The index hasn’t yet retraced the decline from the near-term peak of 76 in December 2019. However, low mortgage rates are tempting out qualified buyers and renewed opportunities to shop for a home in person have improved.

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