Avatar Holdings Inc. second quarter results reported a net loss according to Corporate News release on Aug 11, 2008.
The news release stated in part, "Our sales results continue to reflect the weak market for new single-family and multi-family residences in our markets. We continue to experience a high level of cancellations of sales contracts for homes. We do not anticipate a meaningful improvement in our markets in the near term."
Avatar is a new home builder and developer in the Poinciana Florida area which includes Solivita.
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- Greg Staker - Watson Realty Corp. - 407-304-0255
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