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The Shape of Things to Come04-14-09 | News

The Shape of Things to Come




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Stabilization and recovery of the housing sector is essential to the economic scenario for the balance of this year and in 2010.


Uncertainties abound, particularly in the financial system, according to National Association of Home Builders. So it?EUR??,,????'???s likely that the combination of corrective market forces and the unprecedented policy blitz will arrest the economic free-fall in the near term. These forces could pave the way for stabilization in the latter part of this year and for the early stages of recovery in 2010.

We believe that home sales bottomed out in the first quarter of this year, we expect single-family housing starts to bottom-out in the second quarter and we expect the real value of residential fixed investment ?EUR??,,????'??+ including multifamily and manufactured home production as well as improvements to residential structures ?EUR??,,????'??+ to bottom-out by year-end as the national economic recession comes to an end. ?EUR??,,????'??? Courtesy of NAHB

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