New Home Sales Post Surprise Gain.
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Page 2 of 2 The downturn in new home sales and prices have hammered the earnings of the nation's largest builders. While luxury home builder managed to report a narrow profit this week that topped forecasts of a loss, it still saw earnings fall 85 percent from year-earlier levels. And the six publicly traded builders who are larger than Toll have all reported losses recently. Courtsey of: http://money.cnn.com/2007/08/24/news/economy/newhome_
sales/index.htm?postversion=2007082412
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