Monday, December 31, 2007

Sounds bad

M/I Homes sells land, exits a Florida market

...it has sold land in its Florida markets to help reduce debt, and is exiting the West Palm Beach market, where its assets included about 500 lots in four communities. M/I said it will record an $80 million charge in the fourth quarter to reflect land impairment charges, ...

Posted by inbreda @ 02:03 PM (117 views)
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