Friday, July 14, 2006

Inman - "Builder slashes earnings forecast" (7-14-06)

"D.R. Horton Inc., a large Fort Worth, Texas-based home builder, cut its 2006 earnings forecast Thursday due to the slower real estate market conditions. Quarterly home sales orders were down from a year ago, while orders in the first nine months of the fiscal year were up, the builder said."

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