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Builders group sees pickup in housing this year
The U.S. housing market will begin to mount a turnaround this year, building toward a solid recovery in 2013, according to a forecast issued Wednesday by the chief economist of a homebuilding industry trade group.The outlook by National Association of Home Builders Chief Economist David Crowe calls for U.S. sales of new homes and single-family home construction to improve this year compared to 2011,

New-home purchases fall, 2011 worst ever for sales
Fewer Americans bought new homes in December. The decline made 2011 the worst year for new-home sales on records dating back nearly half a century.

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A poor year for home building ends on hopeful note

Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an

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Asia stocks up as Wall Street cheers housing data
Asian stock markets rose Thursday as investors grew more comfortable with risk assets after surprisingly strong U.S. housing figures helped power Wall Street to its highest close since July.

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Dow, S&P 500 close at their highest since July

A surprisingly strong report on the housing market and the prospect of more cash for the International Monetary Fund to fight off a financial crisis powered stocks Wednesday to their highest close

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Rajkot machine tools industry fears slowdown

With orders dropping by almost 30 per cent, the Rajkot-based machine tools industry seems to be staring down at slowdown again. While currently the businesses are stable despite lower orders,

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