The Roof Is Falling!

A severe fall in US housing market is bothering many experts. The stock markets are unconcerned

In late August CNN reported “Builder: Oversupply slump worst in 40 years. Toll Brothers slashes outlook on new homes as orders plunge and revenue misses forecasts.”

A week later, Wall Street Journal quoted Robert Toll as saying: “I’ve never seen a downturn in housing without a downturn in employment...

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