Tuesday, April 10, 2007

D.R. Horton orders down, spring starts weak

(Reuters) - Net sales orders in the second fiscal quarter ended March 31 fell to 9,983 homes from 15,771 a year earlier, and the dollar value of the orders sank 41 percent to $2.6 billion from $4.4 billion, Fort Worth, Texas-based D.R. Horton said.

For the six months ended March 31, new sales orders fell 31 percent to 18,754 homes, and the value of the homes fell 35 percent to $4.9 billion.


Read more at Reuters.com Bonds News

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