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Today's release of the NAHB Housing Index at 1PM is expected to decline to 20 from 22 last month. This would match the record low reading that the index reached in January 1991.

If the number comes in lower than expected, you can expect tomorrow's headline to read something like, "Fed Lowers Interest Rates as Sentiment in Housing Market Reaches All-Time Low".

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Source: NAHB Housing Index Expected To Match All-Time Low