Pulte Homes Swings to Loss
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The homebuilder lost $787.9 million in the third quarter, hurt by a hefty impairment charge, as its land lost value amid flagging demand for real estate.
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KB Home  posted a quarterly net loss on  Tuesday as it took $343.3 million of pretax land-related charges, a consequence of the U.S. housing market downturn, and said its cancellation rate rose to 48 percent.
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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Louisiana-Pacific Corp , a building products maker, on Monday posted a worse-than-anticipated third-quarter loss as the slump in the U.S. housing market hurt demand and pricing for its products.
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Hurt by the housing slump, the home mortgage lender said  it lost $724 million in the fourth quarter.
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Shares of home builder Hovnanian  Enterprises Inc  tumbled on Wednesday after the company  posted a wider-than-expected loss as the value of its land and  inventory continued to deteriorate.
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Home builders such as Centex Corp. and Pulte Homes Inc. aim to survive an industrywide unraveling by selling houses at bargain prices, slashing jobs, and scrapping growth plans.
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KB Home  posted a quarterly net  loss on Tuesday as it took $343.3 million of pretax  land-related charges, a consequence of the U.S. housing market  downturn, and said its cancellation rate rose to 48 percent.
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Shares of Pulte Homes Inc.(PHM.N: Quote, Profile, Research) , the No. 2 US home builder, fell more than 8 percent Tuesday morning, the day after the company warned that weak sales
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The food and household products maker said it lost $62 million in its most recent quarter, largely because of one-time charges.
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Countrywide Financial Corp , the largest U.S. mortgage lender, posted a $1.2 billion third-quarter loss on Friday, hurt by write-downs as the U.S. housing market deteriorated.
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Pulte Homes Inc , the No. 3 U.S. home builder, said on Wednesday its quarterly net loss widened as a deteriorating housing market led to charges related to the lower value of land and inventory, and charges tied to income taxes.
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Lennar Corp  on Thursday reported a wider fourth-quarter loss after home deliveries and new home orders halved amid a slowdown in the U.S. housing market, and the No. 2 U.S. home builder said it saw no signs of a recovery this year.
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Pulte Homes Inc. PHM.N on Monday  posted a 61 percent rise in third-quarter profit, in line with  a forecast it lowered earlier this month.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a larger-than-expected fourth-quarter loss on Tuesday, as a sinking housing market caused more borrowers to fall behind on payments.
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A troubled company in the troubled housing sector.
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Stock sinks after-hours after home builder scales back forecasts due to price rollbacks in Sin City. LOS ANGELES  - Pulte Homes Inc.