Bloomberg - "Toll, Centex, Lennar Join `Moron' Speculators in Land Grab Bust" (2-7-07)

"The worst housing slump in 16 years made a lot of smart money vanish. D.R. Horton Inc., Pulte Homes Inc., Lennar Corp., Centex Corp. and Toll Brothers Inc., the five biggest U.S. homebuilders, said plummeting land prices cost them a combined $1.47 billion in the fourth quarter."