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The housing market isn’t slowing down anytime soon
Household advancement retail huge Lowe’s (Reduced) issued a disappointing product sales outlook Wednesday early morning. In the meantime, dwelling builder Lennar (LEN) claimed final results Wednesday afternoon that skipped forecasts. The business cited supply chain concerns and better lumber fees. Lennar shares fell 4{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} Thursday. But prior to you commence shouting from the rooftops of the arguably overpriced property you are living in that the housing bubble is bursting, take into account this: The federal government noted Thursday early morning that housing begins and making permits in November each rose more than predicted from Oct concentrations. In other terms, buyers even now want to invest in new houses and live…