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The National Association of Home Builders Housing Market Index, out Monday, reports that builder confidence in the new single-family home market jumped five points to 76 in December from an upwardly revised November reading, the highest reading since June of 1999.

“Builders are continuing to see the housing rebound that began in the spring, supported by a low supply of existing homes, low mortgage rates and a strong labor market,” said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn.

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