Homebuilders may offer big discounts to goose spring sales

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Homebuilder D.R. Horton Inc. is prepared to offer big discounts to buyers if sales don’t pick up by the start of the spring selling season, and other builders might be forced to follow suit, the Wall Street Journal’s Kris Hudson reports.

Orders for new homes were down 10 percent in October from a year ago, the Journal reports, citing a Zelman & Associates survey. Source: blogs.wsj.com