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Time to Short Canadian Home Builders?
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Re: Time to Short Canadian Home Builders?
http://online.wsj.com/article/SB1000...730017666.html
Last Wednesday, a housing-price index for Canada's six biggest cities posted its seventh straight monthly gain, showing home prices in November are now back to their prerecession peak. Another broader measure shows the average home price in 2009 hitting a record. Home building has picked up too, with housing starts in December jumping to their highest level since October 2008. Economists expect that growth to continue when January figures are released Monday.
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