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United States

PulteGroup Inc (PHM.N)

PHM.N on New York Stock Exchange

26.59USD
18 Jan 2019
Change (% chg)

$-0.26 (-0.97%)
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$26.85
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Tue, Oct 23 2018

Homebuilder Pulte expects U.S. market to weather higher rates

PulteGroup Inc raised its fourth-quarter forecast for average prices on Tuesday, easing investor concerns that rising mortgage rates would hurt homebuyers' affordability and pressure the company's ability to raise prices.

UPDATE 2-Homebuilder Pulte expects U.S. market to weather higher rates

* Shares rise as much as 6.8 pct (Adds details from conf call, CEO quote, forecast; updates share move)

Homebuilder PulteGroup's profit jumps 63 pct

Oct 23 PulteGroup Inc reported a 63 percent rise in third-quarter profit on Tuesday, as it reined in rising building costs and revenue jumped by almost a quarter.

Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip

D.R. Horton , the biggest U.S. homebuilder, on Thursday forecast revenue growth for 2019 after topping Wall Street quarterly profit estimates, underscoring strong housing demand.

UPDATE 4-Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip

* D.R. Horton up as much as 9 pct; Pulte drops 5 pct (Adds analyst comment)

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