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By historical standards there is a huge glut of unsold homes on the market.
They can thank the huge glut of oil around the globe.
For existing homes, that was because of the huge glut of houses still unsold.
The market had a huge glut of capacity, and many of the fiber-optic networks were left sitting idle.
As Gransnet editor Gigi Eligoloff adds: "It enables a huge glut of the population to be active.
In Shanghai, as in many other cities, state-owned developers are putting up thousands of apartment buildings, creating a huge glut of new housing.
Similar(45)
There is a huge wine glut, thousands of acres of vines are being pulled out and discounts are everywhere.
But Samsung, whose chairman, Lee Kun Hee, loves cars, will start selling vehicles this spring despite a huge production glut that has forced the bankruptcy of Kia Motors and the sale of Ssangyong Motors.
But a huge supply glut built up as the U.S. and other countries produced more and more oil and the global economy slowed, which hurt demand.
It is this huge liquidity glut that is supporting US Government's debt spending, US consumer's borrow and spend frenzy, huge borrowings of private equity firms and other M&A activities, enormous borrowings of hedge funds and so on.
The closings will take more than a quarter of USX's annual steel-making capacity out of service, helping to reduce the huge steel glut that has been depressing prices and profits in the domestic steel industry for years.
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CEO of Professional Science Editing for Scientists @ prosciediting.com