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Stocks | Saj Karsan submits:

The debate on whether the housing market has hit bottom continues to rage. But what makes it even harder to reach consensus is that there are so many definitions on what it means to have hit "bottom" (e.g. prices sales starts completions homes under construction etc).

But one thing that does appear clear is that (in general) home builder book values appear stable. A look at new home inventories reveals new home inventories are as low as they've been in a long time:

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