Wednesday, January 17, 2007

Bloomberg - "Housing Bounce May Be Too Late for U.S. Homebuilders (Update1)" (1-10-07)

"U.S. homebuilders, stuck with more than 500,000 unsold houses, may report the lowest earnings in five years because a rebound in the real estate market is too little too late to save 2007 sales. The average drop in annual profits at America's four biggest homebuilders probably will be 55 percent, according to analysts surveyed by Bloomberg."

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