Financial Market Woes

The indicator for the chemical industry fell 0.5% in August, following four months of advances. Analysts cite declines in the average chemical industry stock price and housing starts. There is “almost nothing” in the housing market that would point to a near-term upturn, and the danger remains of a shrinkage in lendable funds, analysts say. Home sales for both new and existing structures continue to fall, and the inventory of unsold homes continues to rise, placing a damper on new construction activity. Home affordability indices, for both existing...

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