26.09.2011 - Why U.S. housing is weak, and why Canadians care
A moribund housing market is dragging on an already weak U.S. economy, and causing ripples across the border here in Canada. This week, two key numbers will likely show that U.S. housing is still an incredibly weak spot, with no significant improvements in sight. On Monday new home sales figures are expected to show a fourth consecutive fall in transactions in August, to an annualized number of around 295,000, not far from the low of 278,000 set in August, 2010..............................................Full Article: Source
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