Wednesday, September 26, 2007

U.S. housebuilder posts record loss

Lennar Posts Record $513.9M 3Q Loss

One of the largest house builders in the U.S. records their highest loss in the 53-year history of the company, as U.S. home prices declined at the fastest rate in 16 years. Can it get any worse?

Posted by hereitcomes @ 01:57 PM (741 views)
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5 thoughts on “U.S. housebuilder posts record loss

  • funny i submitted same article yesterday and it never got posted

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  • dohousescrashinthewoods says:

    I think it can get a lot worse

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  • Mark, It was posted at 8.44pm.

    The Fed is coming to the aid of Lennar. Reuters reports at lunchtime that 66% of economists polled expected a rate cut of 0.25% next time round.

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  • Excellent – I’ve sold the dollar against pretty much every other currency.

    Bring it on!!

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  • planning4acrash says:

    Mark, you need to e-mail the webmaster and ask for an admin password, click on the key sign next to user name and it will post straight away without being moderated.

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