PulteGroup said its first-quarter loss narrowed to $12m, or 3 cents a share, from $515m, or $2.02 a share, a year earlier. The home builder saw improvements in gross margins and a reduction in land-related charges as total revenue rose 75% to $1bn. the company said that based on the first quarter results it expects to be profitable for the full year.
Pulte loss narrows ahead of expected full-year profit
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts