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More Challenges Await U.S. Homebuilders

Fitch: More Challenges Await U.S. Homebuilders as Housing Downturn Enters Year 4With the U.S. economy in a severe recession and housing likely to deteriorate more sharply in 2009, U.S. homebuilders are facing even more operational and financial pressures, according to Fitch Ratings, which took rating actions on its public U.S. homebuilder universe of 14 companies late last week, resulting in nine... [read more]


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