Sector Glance: Homebuilders (AP via Yahoo! Finance)
Story date: 2007-10-08 01:11:32
Added on: 2007-10-08 22:22:55
Shares of homebuilders fell Monday as the market braced for nasty warnings from companies in a struggling sector. Last month, Lennar Corp. and KB Home said they lost nearly 1 billion dollars combined last quarter because of restricted access to mortgage loans, too many homes for sale and waning confidence among potential buyers.
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