(Reuters) - Chairman Donald Horton said conditions remain tough in most markets because of high inventories of unsold new and existing homes. He also said "the spring selling season has not gotten off to its usual strong start."
Net sales orders in the second fiscal quarter ended March 31 fell to 9,983 homes from 15,771 a year earlier, and the dollar value of the orders sank 41 percent to $2.6 billion from $4.4 billion, Fort Worth, Texas-based D.R. Horton said.
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