(Reuters) - NEW YORK, July 10 - D.R. Horton Inc., the largest U.S. home builder, on Tuesday said orders for new homes fell 40 percent last quarter, and said it would write down assets leading to a loss in its third quarter.
Hurt by the deteriorating U.S. housing market, Horton said its net sales orders in the fiscal third quarter, which ended June 30, fell to 8,559 homes from 14,316 homes a year earlier, and the dollar value of the orders dropped 47 percent to $2.0 billion from $3.8 billion.
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Hurt by the deteriorating U.S. housing market, Horton said its net sales orders in the fiscal third quarter, which ended June 30, fell to 8,559 homes from 14,316 homes a year earlier, and the dollar value of the orders dropped 47 percent to $2.0 billion from $3.8 billion.
Read more at Reuters.com Bonds News
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