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Homebuilders vulnerable in current market

Posted on 22 June 2012

On Tuesday we learned that single-family housing starts rose 3.2% to a 516,000 annual rate. This release is further evidence that the market for new homes is experiencing a slow recovery, but at half the pace of a healthy housing market.
The Federal Reserve’s statement following Wednesday’s FOMC meeting continued to describe the housing sector as “depressed,” but as has been its habit, the central bank did not offer targeted help for the housing and mortgage markets………………………………………..Full Article: Source


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