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U.S. housing excess seen lasting four more years

Posted on 16 November 2010

From Bloomberg: So many U.S. homes are unoccupied these days that demand may not catch up with the supply until 2014, according to Josh Levin, an analyst at Citigroup Inc.
The CHART OF THE DAY displays the percentage of housing units that are vacant, according to quarterly data compiled by the Commerce Department. The chart also shows housing starts as a percentage of homes already built, or the housing stock……………………………………….Full Article: Source

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