Australia's Rinker says U.S. housing stabilizing - 2007-01-29
Australian building materials maker Rinker Group Ltd. posted a 13 percent increase in third-quarter profit and said a housing slowdown had stabilized in the three key U.S. markets where it has operations. Rinker is fighting a $12 billion takeover bid by Mexico's Cemex said that after housing permits in those states dropped by more than a third in the year to date the steep correction may not last as long as in other U.S. states.
Read the full story at Reuters

Real Estate is Going Global - 2007-01-29
The bull market in hotels, offices and malls knows little boundaries. Through early December, European real estate securities surged an average of 53 percent in dollar terms during 2006, and Asian property shares climbed 28 percent. Fueling the increase are raging development in Europe and Asia, the spread of real estate investment trusts, and plenty of liquidity.
Read the full story at Black Enterprise