Results Pending, Hope Floats

I doubt anyone needed additional evidence to support the contention that the US housing market is experiencing a bout of turbulence, to put it politely. Although government figures released late last week suggested new home sales were more robust than expected in November, the rest of the numbers are uniformly poor, including existing home sales and builder sentiment, both of which are mired in a lengthy stretch of monthly declines. Falling permits suggest demand is extremely tepid amid still e

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