I was reading today that stocks dropped significantly lower due to a weak residential housing market. Companies like USG which is one of the biggest building-materials provider is down by more than 4% and said that their quarterly net income have plunged to to $56 million from $176 million a year earlier, and warned it expected the housing downturn will be a "multiyear" event.
Is this the end of the property boom? Who knows. But certainly there are more foreclosure listings lately.
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