21.06.2012 - US: Housing recovery? Not so fast
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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