(Reuters) - "Market conditions for new home sales declined in our June quarter as inventory levels of both new and existing homes remained high, and we expect the housing environment to remain challenging," said Chairman Donald Horton, in a statement.
The company added that as a result of the weak market, it will post significant asset impairments which will result in a loss for both the third quarter and the nine-month period.
Read more at Reuters.com Business News
The company added that as a result of the weak market, it will post significant asset impairments which will result in a loss for both the third quarter and the nine-month period.
Read more at Reuters.com Business News
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