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PulteGroup Inc

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  • Homebuilder Profits Go From Bad to Worse Thursday, 26 Jul 2007 | 12:25 PM ET

    The slaughterhouse that has been the U.S. housing market for the past few months got bloodier on Thursday as several industry leaders reported worse results, July home sales fell more than expected and stocks throughout the sector hit multiyear lows.

  • Pulte Homes Shares Fall on Weak Profit Report Thursday, 26 Jul 2007 | 10:30 AM ET

    Pulte Homes shares fell Thursday amid growing gloom about the housing sector, having reported dismal earnings after the markets closed Wednesday.

  • Home Builder CEOs: Truth In The Telling And It's Not Good Thursday, 26 Jul 2007 | 10:13 AM ET

    How are some home builder CEOs reacting to the current housing market? Donald R. Horton, CEO D.R. Horton: “Market conditions in the homebuilding industry continue to be challenging as inventory levels of both new and existing homes remain at historically high levels. Increased use of sales incentives continues to put pressure on profit margins. In addition, home price appreciation over the past few years, higher interest rates and tightened credit standards in the mortgage industry are all negatively impacting affordability.” 

  • Pulte Homes Reports Loss In Line With Forecasts Thursday, 26 Jul 2007 | 10:02 AM ET

    Pulte Homes on Wednesday reported a second-quarter loss of $2.01, in the positive end of the home builder's July 17 guidance: It had predicted a loss of $2 to $2.10 per share. Quarterly revenue was $2.02 billion, largely in-line with forecasts.

  • Several trends are very  much in evidence today,  including housing, corporate bonds and inflation.

  • Woe Is Housing: Hurt's On Homebuilders Friday, 20 Jul 2007 | 2:59 PM ET

    Even fed Chairman Ben Bernanke says the slump is worse than originally thought.

  • Home Builder Earnings: Won't Be A Pretty Picture Friday, 20 Jul 2007 | 1:02 PM ET
    U.S. Department of Commerce

    Next week, no fewer than six major public home builders will report their quarterly earnings, all right around the same day that the U.S. Dept. of Commerce reports its New Home Sales data for the month of June. I doubt either will be very heartening for investors.

  • Trust the Numbers Thursday, 19 Jul 2007 | 11:25 AM ET

    If you're going to use this sell-off as a buying opportunity, stick with stocks that deal in hard metrics.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Pulte Homes Forecasts Second-Quarter Loss Tuesday, 17 Jul 2007 | 6:20 PM ET

    Pulte Homes, the No. 3 U.S. home builder, said Tuesday it expects to report a second-quarter loss from continuing operations in the range of $2.00 to $2.10 and said new orders were down 20 percent from a year earlier.

  • Homebuilders Sentiment Index Sinks to 16-Year Low Tuesday, 17 Jul 2007 | 3:05 PM ET

    A key measure of industry sentiment on the U.S. market for new homes fell to its lowest point in more than 16 years, a trade group said Tuesday, as builders struggled with rising inventories of unsold houses across the country.

  • Stop Trading! Monday, 16 Jul 2007 | 1:59 PM ET

    Speculation that Warren Buffett could buy a stake in Hovnanian sent the homebuilders up. But on "Street Signs" today Cramer explained why there's a more likely target. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • The July earnings forecasts are starting to roll in, and I don’t care what the temps are hitting this month, home builders have to be in a cold sweat. Today Meritage Homes reported preliminary sales, closings and backlog for the second quarter, and honey, it ain’t pretty. Sales down 37%, closings down 28% and backlog down 39% from a year ago. And if that weren’t bad enough, cancellations rose to 37% compared to 32% a year ago and 27% in the first quarter of this year (that was pre-subprime fury when everyone thought the market would take a quick bounce back).

  • Lennar Swings to Loss, Sees Continued Weakness Tuesday, 26 Jun 2007 | 12:21 PM ET

    Lennar, the second-largest U.S. home builder, posted a quarterly loss on Tuesday, forecast a loss for the current quarter and warned that the weak housing market could deteriorate further.

  • YouTube Video: Pulte Soaks Workers As Tempers Flare Friday, 22 Jun 2007 | 4:08 PM ET

    (Update) I’ve seen it on the blog, so it’s no surprise to me that trouble in the housing market has some folks hot under the collar and others hosing them down. CEO’s of the major homebuilders gave me the cold shoulder at a J.P. Morgan conference last week, including Richard Dugas, CEO of Pulte Homes (see June 12 blog).

  • Pulte Slashes Job Amid Housing Slump Friday, 1 Jun 2007 | 3:26 PM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • Pulte To Cut 16% of Work Force Amid Weak Housing Market Wednesday, 30 May 2007 | 7:18 AM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • Pulte Posts Quarter Loss, Meritage Earns a Profit Wednesday, 25 Apr 2007 | 9:43 PM ET

    Pulte Homes, the second-largest U.S. home builder, on Wednesday posted a quarterly net loss, chiefly because of charges related to impairments and the lower value of land in the sagging U.S. housing market.

  • CNBC's Domm: Today's Agenda in the Markets Wednesday, 25 Apr 2007 | 8:59 AM ET

    Stocks are set to move higher at the opening, with the Dow heading straight for the 13,000 mark. European shares are higher, as the rising euro closes in on its all-time high against the dollar. Overnight, Asian stocks were lower, with Tokyo stocks falling on worries about the U.S. consumer after yesterday's weak housing data and consumer confidence number. Japanese automakers' shares were dented in the selling.

  • New Homes, New Questions Friday, 20 Apr 2007 | 5:00 PM ET

    Builders remain cautious and buyers continue to be hesitant, but investors may want to make a move.

  • Expect "Massive Foreclosures," Fund Manager Says Friday, 30 Mar 2007 | 11:53 AM ET
    Paul Krugman

    In the wake of a Charlotte Observer report about one area's unusually high foreclosure rate, Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is probing its mortgage origination business. A unique case? Not according to CGM Capital Management's Kenneth Heebner, who says the negative impact of fast and loose lending policy has "only begun."

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