Cancellations up dramatically;
Sales down significantly year over year;
Inventory up tremendously.
Beazer Homes USA: said net home sales for the two months ended Aug. 31 fell 49% from the year ago; Their cancellation rate rose to 50% from 26%.
KB Home cut its forecast today;
Hovnanian Enterprises reported a second straight quarter of declining earnings and orders
Beazer trims 2006 outlook
MarketWatch,10:00 AM ET Sep 7, 2006
US stock futures fall on inflation, housing fears
Reuters, Thu Sep 7, 2006 4:53am ET
Category: Real Estate