PulteGroup Inc


  • Johnson& Johnson sank after reporting that a stronger dollar pinched the company's quarterly results. THE DOLLAR EFFECT: Johnson& Johnson, the maker of Tylenol, prescription drugs and joint replacements, turned in earnings that beat analysts' forecasts, yet it came up short for revenue, largely a result of a stronger dollar. D.R. Horton dropped $1.07, or 5 percent, to...

  • UPDATE 3-Lennar to Houston: We have a problem Thursday, 15 Jan 2015 | 1:33 PM ET

    Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent. Houston accounted for about...

  • Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, reported its first fall in quarterly margins in three years and forecast a further drop in 2015 as costs rise. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 4.3 percent in morning trading on Thursday.

  • WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...

  • Behind the $50 million bet against home builders Tuesday, 30 Dec 2014 | 11:50 AM ET
    New home construction in Bethesda, Md.

    In a large options trade Monday, one trader bet housing stocks will collapse in the coming months.

  • Perfect economic mix set to boost housing next year Tuesday, 30 Dec 2014 | 7:00 AM ET
    A house for sale in Sarasota, Florida

    Next year is shaping up to be one of those rare times when strong economic growth is accompanied by low interest rates, the perfect mix for housing.

  • How low gas prices fuel the housing market Friday, 19 Dec 2014 | 1:01 PM ET
    A gas price sign is seen at a Phillips 66 station in Houston, Dec. 16, 2014.

    When it comes to housing, low gas prices not only help pad people's pocketbooks, but they are also boosting consumer confidence.

  • Home builder's new sweet spot: the 55-plus crowd Wednesday, 17 Dec 2014 | 12:39 PM ET
    Pulte Homes' Sun City "active adult" community in Georgia.

    Pulte Homes is rushing to build more so-called active adult communities catering to baby boomers, many who still work full time.

  • Pulte's 2015 housing strategy  Wednesday, 17 Dec 2014 | 10:17 AM ET

    CNBC's Diana Olick speaks to Richard Dugas, Pulte Group CEO, about the state of the housing market and Pulte's big bet on active adult communities.

  • These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...

  • Midday Movers: Dillard's, GoPro, Apple & more Thursday, 20 Nov 2014 | 12:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Thursday's midday movers:

  • Big upside likely in real estate stocks: Pros Tuesday, 11 Nov 2014 | 6:37 PM ET
    People walk by a sign in front of a Home Depot store in El Cerrito, Calif.

    Real estate stocks could offer the next leg up for the market, Triogem's Tim Seymour says.

  • U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...

  • Midday movers: Merck & Co., GoPro, Blackberry & more Monday, 10 Nov 2014 | 12:57 PM ET

    Some of Monday's midday movers:

  • Your first trade for Thursday Wednesday, 29 Oct 2014 | 6:00 PM ET

    The "Fast Money" traders share their final trades of the day.

  • *New home sales rise 0.2 percent in September. WASHINGTON, Oct 24- Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of...

  • Oct 23- PulteGroup Inc, the No.3 U.S. homebuilder, reported its smallest quarterly increase in home prices in almost two years, joining peers in suggesting that the steep rise in prices in the past couple of years has dampened demand. Shares of PulteGroup, which focuses on first-time home buyers, fell about 2.5 percent in early trading. "Builders are faced with...

  • Look what lower oil prices do to company profits Thursday, 23 Oct 2014 | 10:13 AM ET

    While lower oil prices contributed to a 21 percent slump in Occidental Petroleum's third-quarter profit, they have bolstered airline company earnings.

  • Early movers: GM, CAT, CMCSA, MMM, LUV, T & more Thursday, 23 Oct 2014 | 8:27 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Oct 23- PulteGroup Inc, the No. 3 U.S. homebuilder, reported a 4 percent rise in its quarterly revenue from home sales as the company raised prices for the twelfth straight quarter. PulteGroup has boosted revenue by charging more for homes even as it slows the rate at which it builds homes- a step it was forced to take due to a shortage of developed land.