Does Horton hear an end of housing woes?

Fort Worth-based homebuilder D.R. Horton may offer hope that the housing slump is past the worst, as it “only” posted a second-quarter loss of $400 million.

That’s still better than the $826 million it lost for the same period a year ago.

On the flip side, the number of homes Horton sold during the most recent quarter was down 36 percent from a year ago to 6,167.

Does Horton hear an end of housing woes?

Fort Worth-based homebuilder D.R. Horton may offer hope that the housing slump is past the worst, as it “only” posted a second-quarter loss of $400 million.

That’s still better than the $826 million it lost for the same period a year ago.

On the flip side, the number of homes Horton sold during the most recent quarter was down 36 percent from a year ago to 6,167.

Horton hears a loss

That would be D.R. Horton, hearing the sound of a monstrous second-quarter loss.

Fort Worth-based D.R. Horton Inc. posted a loss of $1.31 billion, or $4.14 per share, compared with year-ago profit of $51.7 million, or 16 cents per share. The latest period, reported Tuesday, includes pretax write-down charges of $834.1 million.

Throw out the tax writeoffs and Horton STILL lost a cool $500 mil, or more than a buck-fifty a share.

Surprisingly, the stock was trading UP about 50 cents a share, in the 16.50 range today. That’s after it opened at 15.36 after yesterday’s 15.97 close.

D.R. Horton loss almost double what the Street expected

You know the housing slump is going to be problematic for a long time, now. Builder D.R. Horton had a major financial drop, losing 41 cents per share in its fiscal first quarter, compared with a Wall Street advance estimate of 25 cents per share.

The NYSE was down slightly this morning.

I feel your D.R. Horton pain, Steve Topletz

Donald Tomnitz, the CEO of the nation’s largest homebuilder, expects 2007 to be on the slow side, to put it mildly.

I don’t want to be too sophisticated here, but ’07 is going to suck, all 12 months of the calendar year.

Can you put The Preserve II wayyyy on the back burner as part of this?

Seriously, Tomnitz said to expect further cuts in new housing starts.

Somebody should tell Larry Lewis, too, that his crazy “let’s flood Lancaster with kids” idea will also now go further on the back burner.

The Preserve: Just because you talk $1 million homes doesn't mean they'll be built

Sorry, Mr. Hollis, that's one of the concerns with The Preserve — people see no guarantee you'll build any of the bigger houses after you build all the small ones. Hello, Joe Johnson and Jim Landon, are you listening?

If you want to guarantee to build out all price ranges at the same time, you could alleviate these fears.

And the "seniors" apartments — are they age-restricted?

And what guarantees do we have on anything from Steve Topletz? Ask Hank Haney about that, about how Topletz and D.R. Horton pulled the rug out from under him.