A HEALTH check of America’s housing market is bound to be sobering. The 2011 edition of the “State of the Nation’s Housing”, an annual report from Harvard University’s Joint Centre for Housing Studies (JCHS), serves up some suitably chilling statistics.
The number of completions of new single-family homes last year hit lows last seen in the second world war. Prices continue to fall, despite the lack of new supply: the latest Case-Shiller national home-price index, released last week, showed a first-quarter fall
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