Lennar: Housing Market Conditions "continued to deteriorate" in Q1

From homebuilder Lennar’s press release: Stuart Miller, President and Chief Executive Officer of Lennar Corporation, said, “Market conditions have remained challenged and continued to deteriorate throughout our first quarter of 2008. The housing industry continues to be impacted by an unfavorable supply and demand relationship, which restricts the volume of new home sales and, concurrently, depresses home prices in most markets across the country.”…
Original Source

  27 March, 2008| housingblogs | @ 14:39

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