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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (186231)	5/6/2006 12:21:32 PM
From: geode00	Read Replies (3) \| Respond to of 281500

"Toll Bros., the luxury-home builder based in Horsham, said yesterday that orders for new homes fell 32 percent in its second quarter as the once-superhot housing market continued to show signs of cooling. The decline follows a first quarter in which orders fell 29 percent. Chairman and chief executive officer Robert I. Toll attributed the slide to a shift in the activity of speculators..." philly.com "..In the United States, the median home price rose nearly 33 percent during the past three years and 13 percent in 2005, according to the Office of Federal Housing Enterprise Oversight (OFHEO). The National Association of Realtors (NAR) reports the number of homes sold increased from 5.6 million in 2002 to an annualized level of nearly 7.1 million in 2005. The number of new single-family dwellings built increased 6.7 percent over the past year, from 1.531 million in 2004 to 1.635 in 2005..." ntxe-news.com ========= I remember reading that if housing and wages need to keep pace. Since wages are rising more slowly than inflation during this admin, at some point something has to give. It would be nice it that meant higher wages because suddenly Americans have become more competitive against outsourcing and the thuggery of corporate thieves.