AP - Lennar Corp., one of the nation's largest homebuilders, said Tuesday its first-quarter profit tumbled 73 percent on continued softness in the housing market, and warned it doesn't expect to meet its 2007 earnings guidance.
This may be a slowdown signal. The housing sector is already showing signs of recession. Uh-oh. Did I say recession? Let us hope not. Remember, when the US Market sneezes, the whole world will catch a cold.
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New consumer confidence numbers may point to housing-led recession: http://infohype.blogspot.com
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