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Recession Is Here
By Suzi | October 20, 2008
According to the National Association of Home Builders, a recent monthly survey showed that sentiment among builders hit a record low in early October.
It is harder for home builders to get loans to pursue new houses and more difficult to sell those they do build. They get hit with a double whammy so to speak.
I think the recession actually started at the end of last year, and because of the financial panic we are going through right now, it’s likely to last another year.
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