TomAnto
01-27-2008, 12:42 PM
A WSJ NEWS ROUNDUP
January 25, 2008; Page A8
"Lennar Corp., one of the nation's biggest home builders, posted a massive quarterly loss of $1.25 billion as it wrote down the value of land holdings and suffered from slumping sales and softer home prices."
"The trade group said existing-home sales fell to a 4.89 million annual rate in December, down 2.2% on the month. For 2007, existing-home sales tumbled 12.8% to 5.652 million. Inventories also dropped, down 7.4%, but, at 3.91 million, supply remains high. The median home price was $208,400 in December, down 6% from $221,600 in December 2006."
January 25, 2008; Page A8
"Lennar Corp., one of the nation's biggest home builders, posted a massive quarterly loss of $1.25 billion as it wrote down the value of land holdings and suffered from slumping sales and softer home prices."
"The trade group said existing-home sales fell to a 4.89 million annual rate in December, down 2.2% on the month. For 2007, existing-home sales tumbled 12.8% to 5.652 million. Inventories also dropped, down 7.4%, but, at 3.91 million, supply remains high. The median home price was $208,400 in December, down 6% from $221,600 in December 2006."