Reuters: D.R. Horton posts $1.3 billion loss; cuts dividend

[chris]

D.R. Horton posts $1.3 billion loss; cuts dividend
      

NEW YORK (Reuters) - D.R. Horton Inc , the largest U.S. home builder, halved its dividend and posted a quarterly loss of $1.3 billion on Tuesday as it wrote down the value of its land and unsold homes after cutting prices and sweetening incentives to boost sales.
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