Builder D.R. Horton posts quarterly loss
NEW YORK (Reuters) – 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.
NEW YORK (Reuters) – Goldman Sachs issued a gloomy report on the U.S. financial services sector, saying housing prices are likely to fall a lot further, write-downs will mount and some mortgage insurers and guarantors will be forced to raise capital just to survive.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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