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New construction takes a hit

Two interesting articles on new home sales:

D.R. Horton earnings plunge
Lower land values hit the home builder's first quarter results.
http://money.cnn.com/2007/04/19/news/companies/drhorton.reut/index.htm?postversion=2007041908

Pulte posts losses amid housing slowdown
Homebuilder's revenue falls 38%, as land, homes lose value; gives no full year estimate. http://money.cnn.com/2007/04/25/news/companies/bc.pulte.results.reut/index.htm?postversion=2007042519

Published Friday, April 27, 2007 8:46 PM by Shelli Dore, CDPE, SFR, CRS, GRI, ABR

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