PHM

Real estate briefs

Coldwell debuts Hispanic effort SARASOTA — Coldwell Banker Residential Real Estate has launched an initiative aimed at capturing more of the growing Hispanic market. Dubbed “CASA Coldwell Banker,” the initiative aims to offer...

Help Stop the Stupidity! (at Motley Fool)

Suppose someond said to you, "I'm going to give you a loan. The people who really should have known better were those at places like Morgan Stanley (NYSE: MS) and Lehman Brothers and the rest, who were -- there's no other way...

Pulte Homes Extends Week-Long Upswing

Pulte Homes (PHM) gapped open higher and has risen throughout most of the first 40 minutes of trading. The stock extended a week-long upswing and is at its highest level in a week, up $1.02 at $10.90.

Homebuilders up following Fed's interest rate cut

LOS ANGELES - Shares of large U.S. homebuilders were trading higher Wednesday as the Federal Reserve cut the fed funds rate by a half point--a move that could make it cheaper to obtain some home loans. The prime rate banks set...

Homebuilders up following Fed's interest rate cut (AP)

Wednesday October 29, 3:36 pm ET By Alex Veiga, AP Real Estate Writer Shares of major homebuilders jump after Fed moves to cut interest rates LOS ANGELES (AP) -- Shares of large U.S. homebuilders were trading higher Wednesday...

Centex CEO: Housing downturn a 'game changer'

NEW YORK (MarketWatch) -- A game changer. That's what the chairman of Centex Corp. labeled the current environment, an unusually bearish picture from a top home builder. Conditions will probably get worse before they get...

Meritage a Loser in Game of Texas Build'em (at SmartMoney.com)

By Dawn Wotapka Of DOW JONES NEWSWIRES For months, Meritage Homes Corp. (MTH) has counted on Texas to carry it through the housing slump. The results, announced after the market closed Monday, seemed to weigh on the stock early...

Pulte chairman sells stock to satisfy margin call

NEW YORK (Reuters) - Pulte Homes Inc founder and Chairman William Pulte recently sold 760,000 shares of the company's stock to satisfy margin calls and could be forced to sell more, the company said on Tuesday.

Pulte Homes says founder sold big chunk of shares

Home builder Pulte Homes Inc. said Tuesday that its founder and chairman recently sold 760,000 shares of company stock to satisfy margin calls related to loan agreements that involved family members and a charitable group.

Centex reports quarterly loss on housing gloom

BOSTON (MarketWatch) -- Centex Corp. after Tuesday's closing bell reported a fiscal second-quarter loss as home builders continue to grind their way through the residential downturn and a glut of unsold houses. The Dallas-based...