More Heartache for Housing

Bad news piles up for the sector as homebuilder Ryland warns of a big loss and an industry group issues gloomy forecasts on sales and prices

Warnings from homebuilders continue to pile up, indicating that a bottom in the housing downturn is still nowhere in sight. Ryland Group (RYL) became the latest victim on July 11. The Calabasas (Calif.) builder warned that it expects to post a sharp loss because of the continued deterioration in the housing market.

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