Standard & Poor’s Ratings Services cut the ratings for D.R. Horton, Lennar, and Pulte homes to “junk” status. Ryan Homes was left untouched.
http://biz.yahoo.com/ap/071102/homebuilders_ratings.html?.v=2
Beazer homes just suspended its dividend and intends to lay off 25% of its workforce.
Where is the bottom?