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US: Housing recovery? Not so fast

Posted on 21 June 2012

Many pundits have recently been declaring that the U.S. housing market has bottomed amid strong recoveries in some local areas. New research concludes, however, that a fairly reliable (and underappreciated) leading indicator of demand for residential real estate is the futures market for lumber.
Although they’ve had a slight uptick recently, lumber futures are down about 10% since May. That suggests that real estate may stay weak through at least the fourth quarter of this year………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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