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December 19, 2008 7:40 AM

Lennar CEO says housing market getting worse, not better

The housing market is getting worse, not better, the leader of Miami-based Lennar said Thursday as the homebuilding giant announced its second straight year of billion-dollar losses. Lennar CEO Stuart Miller said home prices are in ''freefall,'' and the only way to break the downward spiral is a federal government stimulus package.

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