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PHM 11.65, -1.16, -9.1%) narrowed its second-quarter loss to $158.4 million, or 63 cents a share, from $507.6 million, or $2.01, in the same period a year earlier. Revenue fell to $1.6 billion from $2 billion. "The operating environment for homebuilding continued to deteriorate during the second quarter," Chief Executive Richard Dugas said in a statement.