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M/I Homes CEO sells 65,000 shares

Mon Aug 18, 2008 3:10pm EDT

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NEW YORK, Aug 18 (Reuters) - Robert Schottenstein, chief executive of home builder M/I Homes Inc (MHO.N), the No. 19 U.S. home builder, sold 65,000 shares of company stock between Aug. 12 and 15 for proceeds of about $1 million, according to Securities and Exchange Commission filings.

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"There's long been a sell bias at the company," said Ben Silverman of filing tracking site InsiderScore.com. "I think at this point any insider sales in the home building sector are a negative sign."

(Reporting by Helen Chernikoff, editing by Phil Berlowitz)

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