PulteGroup Reports $273 Million 4th Qtr Profit
BuilderOnline
PulteGroup, Inc. on Thursday reported net income of $273 million, or $0.83 per share, for the fourth quarter ended Dec. 31. The gain, which included $0.16 per share of insurance and income tax benefits, compared with net income of $228 million, or $0.64 per share, included $0.07 per share of benefits associated with the reversal of certain mortgage and insurance reserves, for the prior-year quarter.
About author
You might also like
Brandywine Homes Closes 116 New Homes, Opens Seven Communities, Breaks Ground on Four New Neighborhoods in 2016
Brandywine Homes, a pioneer of infill development in Southern California, closed 116 homes, opened seven new communities and broke ground on four new communities in Southern California in 2016. The
Use of Incentives to Move Homes Accelerates
As earnings season progresses, it is becoming apparently clear that there is widespread margin compression, to varying degrees, among the public homebuilders due to decreased pricing power, increases in build
Developers Build on Home Rental Success With Whole Communities
Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took
