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Homebuilders lag in US real estate recovery

Demand for office, retail, apartment properties outpacing home buying

IN A FIX: The homebuilding industry has struggled to recover from the worst housing crash since the Great Depression.

Los Angeles

INVESTORS who put their money in a fund devoted to real estate investment trusts (Reits) have racked up gains of 65 per cent, while investors in homebuilder stocks still haven't recovered from the housing crash even after the US economic rebound.

The gap will probably