Friday, August 24, 2007

Housing turmoil leaves few winners




Aug. 23 - The downturn in housing shows no signs of improvement as Toll Brothers, the largest U.S. luxury home builder, said tighter credit is likely to weigh on its future bottom line. S&P added to the negative tone when it lowered its credit rating on four home builders. Moody's also has several home builders under review. Diane King reports from New York.

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