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Pulte Posts $116.9M Loss for 4th QTR

February 9, 2010

BLOOMFIELD HILLS, Mich. - Pulte Homes Inc. said Tuesday its loss narrowed in its fourth quarter, as the homebuilder reported heavy charges that were partly offset by a tax gain.Pulte said Tuesday it lost $116.9 million, or 31 cents a share, in the quarter. The results included $925 million in charges related to impairment of assets, the value of land, and its merger with rival Centex last year.

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Dan Ryan Builders Opens in Raleigh

Dan Ryan Builders, the Frederick, Md.-based No. 65 home builder on the Builder 100 list, has opened up operations in its sixth state, North Carolina, with a new division in Raleigh, the South Atlantic Region's 13th busiest home building market.

February 8, 2010

Before the Call: Pulte Homes

Bloomfield Hills, Mich.-based Pulte Homes will report its fourth quarter and full-year 2009 earnings Tuesday morning, followed in close order with a conference call, and analysts are expecting a reported loss of $0.19 per share for the quarter compared with a loss of $1.33 per share in the same quarter of 2008.

February 8, 2010

M.D.C.'s Strategies Proving Effective

Coming off a positive fourth quarter earnings performance that netted the company earnings of $2.68 per share, the future would appear bright for M.D.C. Holdings.

The company had all the key metrics moving in the right direction from the same time last year. New orders were up 82%, backlog was up 55%, gross margins grew 590 basis points to 18.2%--even the company's billion-plus cash position grew, thanks to a greater-than-expected $142.6 million tax benefit. About the worst that could be said about the company was that its SG&A, as a percentage of revenues, was high relative to peers at about 19.7%, although it decreased in dollar value.

February 5, 2010

Beazer CEO Remains Cautiously Optimistic

Beazer Homes USA joined the lineup of builders who were able to report a profitable quarter because of the government's extension of the net operating loss carryback to five years from two. The Atlanta-based builder posted net earnings of nearly $44.5 million, $1.09 per diluted share, compared with a loss of $79.2 million, or $2.05 per diluted share, in the same quarter of its last fiscal year. Its tax refund contributed $94 million.

February 5, 2010

Beazer CEO Remains Cautiously Optimistic
MDC Profits on Tax Benefit
Beazer Turns Profit on Tax Benefit
StanPac CEO: 'Our Nose Is Above Water'
Home Listings Rise, 1st Time in 18 Mos.
Before the Call: Beazer Homes USA
30-Year Mortgage Rates Rise Above 5%
M/I CEO Optimistic on Spring Season
Tax Benefit Puts StanPac in the Black
Del Webb Survey Shows Change in Boomers
more . . .
Big Builder video news
Big Builder TV featured video

Woodside Homes Emerges from Bankruptcy

Editor, Sarah Yaussi speaks with Woodside Homes CEO Joel Shine about how his company emerged from bankruptcy.


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