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The NAHB's Housing Market Index for August saw its second straight month with a modest increase bringing it to 66 compared to expectations of an unchanged 65. Although the index has been grinding higher since plummeting to its late 2018 low, it is still well off of its December 2017 record high of 74.
Breaking down the indicator by its sub-indices, improved present sales and traffic led to a stronger index in August. Both rose by 2 and are now at their highest levels of 2019. Future sales outlook still remains bleaker though as it