November 20, 2007 (LPAC)--CNNMoney notes that, of the nation's largest home builders, only luxury home builder Toll Brothers, No. 6 in terms of revenue, has yet to report a quarterly loss, even though its stock price has fallen by almost 50% in the last months. The five larger builders all reported much larger-than-forecast losses in their most recent financial periods. Home builders nationwide are reporting that the sales pace deteriorated significantly during October compared with recent months, and that they are experiencing a sharp rise in cancellations.

CNN added that, last month, credit-rating agency Moody's downgraded the debt of three of the top four home builders: No. 1 Lennar, No. 2 Centex, and No. 4 Pulte Homes, to junk bond status.