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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1059 |
Essay's paper body
For instance, in the first quarter of 2007 residential investments fell 15.4 percent. Sales on new homes are down 21.6% over the past year and inventories of unsold homes are at an 11-year high. Existing home sales declined in July, 2006 to a two-year low. Inventories of existing homes are at a record 7...
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Existing home sales declined in July, 2006 to a two-year low. Inventories of existing homes are at a record 7.3-month supply. Housing starts have declined for five straights months and are down over 13% on a year-over-year basis. The homebuilders’ confidence index is at a 15-year low. Construction spending declined by 1...
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