Construction
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November 5, 2009
Pulte Homes posts $361.4M quarterly loss
By J.W. ELPHINSTONE
AP Real Estate Writer
AP Real Estate Writer
Pulte Homes Inc. lost $361.4 million in the third quarter, but with the acquisition of Centex Corp., the home builder's new orders increased by more than a third.
Pulte completed its purchase of Centex in August, turning the Bloomfield Hills, Mich.-based company into the nation's largest builder. The deal gave Pulte more communities with cheaply priced homes for first-time buyers, as well as desirable land in Texas and the Carolinas.
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