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July 24, 2014

The biggest impediment to the housing industry continues to be job growth. Part-time workers are not looking for a house. They're looking for a full-time job."

-- D.R. Horton CEO Donald Tomnitz on an earnings call. The biggest U.S. home builder by revenue is increasing incentives to sell more homes. Second-quarter net income fell to

$113.1 million, 32 cents a share, from $146 million, or 42 cents a share, a year earlier.

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Source: USA Today

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