Associated Press

Shares of home builders, including Miami-based Lennar, slid Monday after an analyst cut his estimates on several companies and said most in the industry won’t turn a small profit until late 2011.
Deutsche Bank analyst Nishu Sood said he expects the housing market to remain weak as benefits from a federal tax credit disappear, unemployment continues to rise and the housing supply grows on a jump in foreclosures. Mortgage rates will also rise when the Federal Reserve stops buying mortgage-backed securities, he said.

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