Has the housing bust hit bottom yet? The latest encouraging data came on May 4, when the National Association of Realtors said its index of pending homes sales rose 3.2% from February to March., more
and (AFX UK Focus) 2009-05-04 22:48 UPDATE 2-D.R. Horton posts narrower quarterly loss (Interactive Investor) NEW YORK, May 4 (Reuters) - Homebuilder D.R. Horton Inc reported a narrower second-quarter loss on Monday as charges to write down the value of its land declined. The Fort Worth, Texas-based builder posted a loss of $108.6 million, or 34 cents per share, for its fiscal second quarter ended March 31, compared with a loss of $1.3 billion, or $4.14 per share in the year-earlier quarter. The results ..., more
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