Centex said its third-quarter profit
plunged 60 percent and so it had to write off more than $130 million in costs. Centex said its home sales declined 7 percent and its profits more than 24 percent. It said sales orders in the Southwest region, which includes the Metroplex, were off 14 percent from last year; it cut its earnings projects for the fiscal year (which runs concurrent with the calendar year) by 40 percent.
A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
October 25, 2006
Nationally, more on the slowing housing market — Dallas builder Centex slashes overhead
Labels:
D/FW housing market
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