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Archive Home > 2008 > June > 27 > Homebuilder sees worsening conditions

Homebuilder sees worsening conditions


June 27, 2008

Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year.

“The housing market has continued to....

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