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PulteGroup Inc

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  • Builders Sit With Cash And Everybody Waits Tuesday, 18 Mar 2008 | 12:17 PM ET

    I’m working on a story for TV today about which builders are in the deepest doo-doo after the Commerce Dept. reports single family permits down 6.2 percent in January. Permits are down 30 percent since the August credit freeze and down 57 percent from their peak in September of 2005.

  • Foundation For Recovery Thursday, 6 Mar 2008 | 12:16 PM ET

    Homebuilder stocks have staged  a remarkable turnaround in 2008,  despite a torrent of bad news,  but the share prices of many are still closer to the floor than the roof.

  • Homebuilder Toll Brothers on Wednesday announced that it expects to post a 22 percent drop in first-quarter home-building revenue. The top U.S. luxury builder said home-building revenue was $842.7 million for the three months ended Jan. 31, down from $1.09 billion in the year-ago quarter. But one analyst hasn't given up hope.

  • To date 291 (just under 60%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Stocks Rally But Still Have Dismal Month Thursday, 31 Jan 2008 | 5:41 PM ET

    Stocks closed with a big rally, led by beaten-down financial shares, but still ended one of the worst Januarys in years.

  • Pulte Shares Hit 3-Month High on Liquidity Boost Thursday, 31 Jan 2008 | 12:28 PM ET

    Shares of Pulte Homes surged to a 3-month high Thursday, as Wall Street cheered the third-largest homebuilder's improved liquidity position.

  • Futures dropped at 8:30 ET because jobless claims numbers higher than expected have somewhat hopes that the nonfarm payrolls report tomorrow will be stronger than expected. There are two noteworthy trends from companies announcing earnings:

  • Market Insider's Look Ahead To Wednesday Tuesday, 29 Jan 2008 | 4:26 PM ET

    While there's lots of important economic and earnings news Wednesday, we all know what matters most to the markets. That is whether the Fed cuts a quarter point or a half point from its target Fed funds rate.

  • Stocks Close Higher on Fed, Stimulus Plan Tuesday, 29 Jan 2008 | 3:12 PM ET

    Stocks closed higher in another jittery session, helped by expectations of another Fed rate cut and an economic stimulus package from the federal government.

  • I want to address an issue I mentioned yesterday which generated a lot of reader mail. I wrote: “You can’t do a stated income loan anymore, and you can’t do 100 percent financing.” I was actually quoting a mortgage expert I had spoken with earlier who was trying to make the point that despite the Fed rate cut, lending standards today are far tighter than they were just six months ago.

  • Look Sharp: Home Sales Flat -- But Not Bottoming Monday, 31 Dec 2007 | 2:28 PM ET

    It’s the last day of 2007, which means everyone and their broker are busy with predictions for 2008, but I’d caution you in using today’s numbers from the National Association of Realtors as any basis for prediction.

  • New Home Sales Plummet -- But Prices Up?! Friday, 28 Dec 2007 | 4:24 PM ET

    I've never claimed to be an economist (just play one on TV), but I have held a few yard sales in my time, so this I know: If something isn't selling, lower the price. So how can new home sales be reportedly dropping 9 percent while the price of a new home rose month-to-month from $229,500 to $239,100?!

  • After-Christmas Sales? Not at Home Builders Thursday, 27 Dec 2007 | 12:06 PM ET
    KB Home Sales Center

    So I was clicking through all the sale spams in my inbox this morning -- from all the major retailers -- offering me 25 to 60 percent off on cashmere items, plasma TVs, sateen sheets and unwanted DVDs. Suddenly it occurred to me that one group of retailers was conspicuously absent: America’s big home builders.

  • Out Of The Office Today Monday, 24 Dec 2007 | 2:21 PM ET

    I'm out of the office today, but I'll be back -- and blogging -- on Wednesday. Happy Holidays!

  • HUD's Reply to My 'Fuzzy Math' Query Friday, 21 Dec 2007 | 1:59 PM ET

    The folks at HUD felt that my blog of yesterday left out some key points, namely, their side of the story, so I am happy to post a reply directly from them.

  • Stock Rally Fizzles on Bank Warnings Wednesday, 12 Dec 2007 | 5:48 PM ET

    Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.

  • Outlook '08: Real Estate Offers Bargains And Damaged Goods Wednesday, 12 Dec 2007 | 11:39 AM ET

    Betting on real estate these days is not for the faint of heart.  Between the housing correction, economic uncertainty, the credit crisis and predicted softening in the commercial property markets, determining where to invest for future returns requires an extra dose of due diligence and, let's face it, good old-fashioned courage.

  • Stocks End the Week On a Positive Note Friday, 30 Nov 2007 | 6:01 PM ET

    Stocks closed mostly higher on expectations that the Federal Reserve will cut interest rates  and the U.S. government will help homeowners recover from the subprime mortgage crisis.

  • Pulte Reaffirms Fourth-Quarter Outlook Tuesday, 27 Nov 2007 | 9:42 AM ET

    Shares of homebuilder stocks were trading higher on Tuesday after Pulte Homes reaffirmed its fourth-quarter outlook late Monday.

  • Abu Dhabi's Cash Infusion: Does It Save Citi? Tuesday, 27 Nov 2007 | 9:25 AM ET

    Abu Dhabi's $7.5 billion capital injection into Citi--that's 4.9% of the company--contains a stunning figure: a mandatory convertible that pays 11% yield (Citi currently has a 7.1% dividend yield)! That, as many have observed, is above the average yield for junk bonds, currently about 9%.