Residential land developer Forestar Group (NYSE: FOR) delivered results that fell short of expectations and provided little reason for investors to get excited about the quarters ahead.

Wall Street is taking note, sending Forestar shares down 15% as of 11:15 a.m. ET.

Forestar isn't a home builder, but it is tied closely to the industry. The company, which is majority-owned by D.R. Horton, acquires and develops lots in 60 markets across 24 states.

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Source Fool.com