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Highest Unsold Home Supply Since '82 Seen Need 50% Reduction

posted by MarcB 105 days ago in USD, Fundamental, Housing made popular 105 days ago

Hovnanian Enterprises Inc., New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April.
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