NAHB Holds Out Hope for Housing Market; Copper Golden for Chile; Lowe’s Sales Up; BHP Reports Record Annual Profit; Japan Bank Sweetens Bid; Airlines’ Labor Day Decline; Nymex’s Temporary Seat Sale Halt; Golden Gate’s Restaurant Order

US foreclosure filings have more than doubled in 2Q from a year ago, reports Bloomberg.

According to RealtyTrac, 1 in every 171 households was foreclosed on, received a default notice or was warned of a pending auction in the quarter. That’s up a massive 121 percent from a year earlier – and 14 percent just from 1Q.

The housing housing market has yet to bottomed out, says Louis Basenese. But this doesn’t mean you shouldn’t consider a play in real estate.

In July 2006, at an Equitymaster conference, I made a prediction: Indian property prices will decline by 30% over the next 6 to 12 months. Boy was I wrong! Property prices in most Indian cities increased by 50% or so between July 2006 and December 2007.