02:06 PM EST, 11/18/2024 (MT Newswires) -- The National Association of Home Builders Housing Market Index rose to 46 in November from 43 in October and 34 a year earlier.

The change in the federal government is likely to reduce regulatory burdens and boost home building, though headwinds such as a lack of available lots, labor shortages and high mortgage rates remain, the association said.

The New York Federal Reserve's monthly business leaders index, a measure of services conditions, rose to minus 0.5 in November from minus 2.0 in October, indicating a slower pace of contraction. Other services data will be released in coming weeks.