Saturday, September 15, 2007

Hovnanian Chief Says Housing Bottom Is `Very Near' (Update6) (Bloomberg.com)

Sept. 14 (Bloomberg) -- Hovnanian Enterprises Inc. Chief Executive Officer Ara Hovnanian said the U.S. housing market is near the bottom and won't recover until 2009. The shares rose 9.7 percent.

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[Source: Yahoo! News Search Results for housing loan]

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