Did anyone see DR Horton's numbers?

[graphrix_IHB]

Man... for America's largest builder, they were really ugly.

Here is the thing...

California accounted for $141.7mil of there losses, or 54.7%. Now, when California accounts for only 10.2% of their home sales volume, then these numbers look really ugly.

I guess Don Tomnitz, the CEO, was right... this year is going to suck.

 

[caycifish_IHB]

I thought he said last year was going to suck?

 

[WINEX_IHB]

Caycifish, wait until you see next year...