Housing Squeeze

摘要

The bad news keeps coming from the home front. Buyers are holding back, enough to send median sales prices down 2% or more in Cleveland and Minneapolis. KB Home recently slashed earnings estimates for the second time since June. Shares of home builders have fallen 40% in the past year. The head of Toll Brothers, a big luxury-home builder, says the downturn is the most troubling, and perplexing, in decades: The economy, after all, is still growing strongly.