Even though the company was posting record sales and was on course to show a profit in the second quarter,
earnings took a huge hit from a $ 15.1 million loss on prepayment of debt and $ 3 million in equity - based compensation charges.
In surveys, a
huge majority — 90 percent — of those younger than age 30 expect to eventually own, he says, but their
earnings took a
hit in the recession eight years ago and it's
taking them longer to save up a down payment.