Saturday, November 11, 2006

Yahoo! - "Rising Home Inventories Point to Ongoing Housing Slump" (11-3-06)

"Shares of many publicly traded home builders have lost half their value since peaking nearly 18 months ago, leading some financial pundits to say the housing industry has hit bottom. But a rise in home inventories in many of the nation's biggest markets has led at least two investment firms to conclude there is still no recovery in sight for the beleaguered housing industry, which could spur further declines for builders' stocks."

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