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- Financial Times: US builders forced to sell off holdings
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From the Financial Times: US builders forced to sell off holdings (Hat tip Terry) Demand for new homes on the outskirts of US towns has fallen spectacularly in the last three years, while foreclosures and speculative building have created a far greater supply of homes than there are buyers. At the same time, soaring fuel costs have made the long commute to work that much less attractive.
The…
Original Source:
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19 July, 2008| housingblogs |
@ 8:42