LOL quite the understatement:
D.R. Horton said its second-quarter earnings declined to $51.7 million from $352.8 million in the year-ago quarter
Pulte Homes, Inc., the second largest homebuilder in the U.S., said on April 25 that it incurred a net loss of $85.7 million or $0.33 per share for its first quarter
Hovnanian Enterprises, Inc. said in early May that it expects to report a wider loss for its second quarter