WASHINGTON, April 25- U.S. consumer confidence fell from a more than 16- year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. The dip in confidence is likely related to last month's failed attempt by Republicans in the House...
Pulte's shares were down 2.9 percent at $22.40 in premarket trading on Tuesday. Wedbush Securities analyst Jay McCanless said slower-than-expected unit closing pace would come under focus in the post-earnings call, noting that first-quarter housing revenues and unit closing were below his forecast. Pulte, which mainly sells single-family homes, said the...
Pulte, which sells single-family detached homes, said the average price of homes increased to $375,000 from $353,000 a year earlier, while the number of homes sold rose to 4,225 from 3,945.. The company's net income rose to $91.5 million, or 28 cents per share, in the first quarter ended March 31, from $83.3 million, or 24 cents per share, a year earlier.
April 25- U.S. homebuilder PulteGroup Inc reported a 9.9 percent rise in quarterly profit, aided by higher home sales and average selling prices. The company's net income rose to $91.5 million, or 28 cents per share, in the first quarter ended March 31, from $83.3 million, or 24 cents per share, a year earlier. Home sale revenue rose 13.7 percent to $1.59 billion.
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