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October 28, 2011

The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) reported a drop to 41.7 in the third quarter from 43.9 in the second quarter, after posting a four-year high of 46.5 in the first quarter. An RMI below 50 indicates that more remodelers report that market activity is declining than report that it is increasing.