(Reuters) - "Market conditions for new home sales declined in our June quarter as inventory levels of both new and existing homes remained high, and we expect the housing environment to remain challenging," Chairman Donald Horton said in a statement.
Regionally, the sharpest decline came in California, where the value of orders fell 61.9 percent to $307.1 million.
Read more at Reuters.com Hot Stocks News
Regionally, the sharpest decline came in California, where the value of orders fell 61.9 percent to $307.1 million.
Read more at Reuters.com Hot Stocks News
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