(Reuters) - Analysts on average had forecast earnings of 1 cent a share, according to Reuters Estimates.
The U.S. housing market has been suffering from a steep downturn for more than a year, as high prices and climbing interest rates have repelled prospective buyers. Speculators, who bought homes to quickly sell, also have retreated from the market, unloading their investments.
Read more at Reuters.com Business News
The U.S. housing market has been suffering from a steep downturn for more than a year, as high prices and climbing interest rates have repelled prospective buyers. Speculators, who bought homes to quickly sell, also have retreated from the market, unloading their investments.
Read more at Reuters.com Business News
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