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	<title>Stock Blog Hub &#187; Mohawk Industries Inc.</title>
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		<title>(SHW) Used Home Sales Jump</title>
		<link>http://www.stockbloghub.com/2009/08/21/shw-used-home-sales-jump/13065</link>
		<comments>http://www.stockbloghub.com/2009/08/21/shw-used-home-sales-jump/13065#comments</comments>
		<pubDate>Fri, 21 Aug 2009 18:54:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Chemicals - Major Diversified]]></category>
		<category><![CDATA[La-Z-Boy Inc.]]></category>
		<category><![CDATA[LZB]]></category>
		<category><![CDATA[MHK]]></category>
		<category><![CDATA[Mohawk Industries Inc.]]></category>
		<category><![CDATA[Sherwin-Williams Company]]></category>
		<category><![CDATA[SHW]]></category>

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		<description><![CDATA[Existing home sales rose 7.2% from last month to a seasonally adjusted annual rate of 5.24 million from June’s rate of 4.89 million. This was also 5.0% above the year-ago level of 4.99 million, and the consensus expectations of 5.0 million. This is very good news. The only real weak spots I saw in the report were that inventories rose by 7.3%, so despite the increased sales rate, the months of supply remained at a very high (but off peak-level) of 9.4 months. Median prices fell 15.1% from a year ago to $178,400. While median price is not the best metric for judging home prices (it can be easily influenced by the mix of houses), this rate of decline is roughly consistent with the Case-Schiller numbers and is not a surprise. ]]></description>
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