Land writedown hits DR Horton

We are Reaching a Point Where Public Corporations cannot hide from the market facts--we are also just at a midpoint in the overall RE crisis, and there is more writeoff to come. With 2.3M vacant homes in the U.S., we will continue to see downword price pressures until this number returns to well under 1M.  If new construction and foreclosures add to the inventory, we will see price reductions...

Senior Management is the key to successfully navigating through challenging market conditions. Many companies have become lazy in their staffing, with 3-4 people covering 2-3 jobs.  In challenging economic times, it is frequently necessary to re-tool the staffing of an orgnization to have 2-3 people covering 3-4 jobs.  As Jim Colling said, the right people need to be on the "bus", and senior...