March 7 (Bloomberg) -- D.R. Horton Inc., the second-largest U.S. homebuilder by revenue, said the housing market will remain in a slump and the company will close on fewer homes in 2007 than last year. ``I don't want to be too sophisticated here, but 2007 is going to suck, all 12 months of the calendar year,'' D.R. Horton Chief Executive Officer Donald Tomnitz said at a Citigroup Inc. conference in New York. ``Our future is not as bright as what we would like it to be.''
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Well said Mr. Tomnitz. Keep up the good work.