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Low interest rates are leading to a boom in the housing market

U.S. homebuilder optimism rose to a record in September, with low mortgage rates driving a housing boom that has boosted the pandemic economy.

A gauge of builder sentiment jumped five points from a month earlier to 83, beating estimates and hitting the highest level in 35 years of the survey, according to the National Association of Home Builders.

It was 78 last month, which matched the previous record from 1998.

Source: Bloomberg Pro Terminal
Chart: Used with permission from Bloomberg Finance L.P.



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