Ryland Group Inc. was claimed as the latest victim of the nation’s real estate slump as the homebuilder reported its second-consecutive loss.

Ryland reported a second quarter loss of $52 million (-$1.25 per share), a steep decline from a profit of $95 million ($2.03) from the same period a year earlier. however analysts were expecting worse, $1.31, according to a poll by Thomson Financial.

Sales for the Calabasas-based homebuilder also fell 38 percent to $740 million.

Ryland two weeks ago that it would report a second-quarter loss due to write-down expenses associated with the decreasing value of developments in Arizona, California, Florida and Nevada. Ryland also reported a loss in the first quarter.

Shares in Ryland closed up 22 cents to $32.92 and lost 2 cents in after-hours trading on the New York Stock Exchange. Shares are down 18 percent over the past year.