The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Smiling Bob	4/18/2007 7:05:33 PM
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What happened to the low PE? -- DJ Pulte Homes: 1Q Net New Orders Down 21% DOW JONES NEWSWIRES Pulte Homes (PHM) said losses for the first quarter will come in much deeper than previously anticipated. Wednesday, the homebuilder said it expects net loss from continuing operations of between 34 cents and 38 cents a share for the quarter. It had previously expected results to range from break-even to a loss of 10 cents a share. The results will include between $130 million and $140 million in land -impairment charges. Net new orders fell 21% to 8,499 for the quarter. The company blamed a "challenging" housing market for the shortfall. -Dan Gallagher; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires April 18, 2007 19:01 ET (23:01 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 07 01 PM EDT 04-18-07

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