Tuesday, June 26, 2007

UPDATE 2-Lennar posts loss, says housing market may worsen

(Reuters) - "As we look to our third quarter and the remainder of 2007,
we continue to see weak, and perhaps deteriorating, market
conditions," Stuart Miller, chief executive, said in a
statement.




"Given uncertain market conditions, we continue to lack
visibility as to future results, but we currently expect to be
in a loss position in our third quarter," he said.


Read more at Reuters.com Bonds News

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