November 20, 2007

Builder D.R. Horton posts loss after charges (Reuters)

Construction workers put up second story framing as they build homes in Carlsbad, California, November 17, 2005. D.R. Horton Inc, the largest U.S. home builder, on Tuesday reported a quarterly loss after taking charges for the lower value of land and other housing-related inventory, a reflection of the sagging U.S. housing market. (Mike Blake/Reuters)Reuters – D.R. Horton Inc , the largest
U.S. home builder, reported a quarterly loss on Tuesday on
charges related to lower land value, and its stock sank after
dire comments from one of the biggest mortgage buyers.

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