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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (60044)8/16/2006 11:48:10 AM
From: Les HRead Replies (4) of 306849
 
"As long as the new home sales stay over 800,000, by any historical standard this is exceptionally good activity," he said. "That's one of the conundrums you get with new home sales or car sales: Getting back to 'normal' involves a sometimes large decline."

money.cnn.com

They seem to have a long way on both home sales and residential construction before the figures revert to historical norms.
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