Housing Blogs

Some housing bubble news from Wall Street and Washington. Associated Press, “Lennar Corp., one of the nation’s largest homebuilders, said Thursday it swung to a loss in the first quarter as it absorbed charges to write down asset values and costs, while new home sales and prices sank. Sales fell 62 percent to $1.06 billion from $2.79 billion in the year-ago period. The average selling price fell 8 percent.”
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Original Source: thehousingbubbleblog.com