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AvalonBay (AVB -2.4%) is lower for a 2nd day following company earnings and the CC (transcript)...

AvalonBay (AVB -2.4%) is lower for a 2nd day following company earnings and the CC (transcript) where management expressed some caution about apartments in 2013 - notably the improvement in single-family housing sales at the same time above-trend multi-family completions hit the market. "We expect deliveries to peak in our markets in 2013, but not for the rest of the country."
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