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Household Repair Spending Indicates Recovering Housing Market

Home Depot recently revealed its second quarter results revealing that it experienced a record number of transactions in the last three months. Multiple market watchers believe the health of home depot is a sign of the housing market recovery overall, CNNMoney said in a report.

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Builder Confidence Reaches Highest Level Since 2005

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder sentiment in the market for newly built, single-family homes in August rose one point to a level of 61, the highest reading since November 2005.

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