Apr 15, 20081,000 homeowners sue developer Del Webb
Owners of about 1,000 homes in Sun City Grand, one of Surprise's most affluent retirement communities, are seeking legal action against developer Pulte Homes to correct alleged construction defects.
The Arizona Repubicmore
Mar 7, 2008Pulte cannot omit mortgage risk proposal - report
Pulte Homes Inc has been denied a request to exclude a shareholder proposal seeking to establish a way to enforce "prudent lending practices" at the No. 3 U.S. home builder, advisory firm RiskMetrics Group said on Friday.
Reutersmore
Aug 15, 2007Fitch downgrades Pulte Homes rating
NEW YORK (AP) - Fitch Ratings said Wednesday it downgraded the issuer default rating of Pulte Homes (NYSE:PHA) Inc. to 'BBB' from 'BBB+' due to the continued U.S. housing slowdown and eroding credit quality.
Building Justicemore
Jul 26, 2007Things go from bad to worse for U.S. home builders
By Ilaina Jonas
NEW YORK (Reuters) - The slaughterhouse that has been the U.S. housing market for the past few months got bloodier on Thursday as several industry leaders reported worse results, June home sales fell more than expected and stocks throughout the sector hit multiyear lows.
Building Justicemore
Jul 3, 2007Pulte Homes Amends Credit Facility
Pulte Homes Inc. amended its unsecured revolving credit facility, lowering its borrowing availability to $1.86 billion from $2.01 billion and extending the maturity date by nearly two years, the homebuilder said in a regulatory filing Tuesday.
Building Justicemore
Jul 2, 2007Homebuilders Hit With Downgrades; Pulte Homes
Homebuilders were hit with downgrades by Citigroup on Monday morning. Leading U.S. homebuilder Pulte Homes' (PHM) company rating was lowered to Hold from Buy. Pulte Homes has a market capitalization of $5.75 billion and its shares are down 32% year-to-date.
Building Justicemore
Jun 28, 2007Pulte protesters got hosed
Protesters at a Pulte Homes work site in Florence were sprayed repeatedly with high-pressure water coming from a work truck. The union got it all on tape.
Building Justicemore
Jun 21, 2007Protesters hosed down at construction site
The men say they were disrespected and insulted while only trying to improve their work conditions. The builder says they are the victims of an all-out assault by the union. The video is on-line on for everyone to judge for themselves.
Building Justicemore
May 30, 2007Pulte Homes to cut jobs
EAST BAY BUSINESS TIMES - 11:11 AM PDT WEDNESDAY, MAY 30, 2007
Pulte Homes Inc. Tuesday announced plans to cut $90 million to $100 million in pre-tax spending along with 16 percent of its work force.
Building Justicemore
May 30, 2007Pulte Homes Slashes Jobs (Updated)
BUILDER Online News Service
Publication date: May 30, 2007
By Robb Crocker
Pulte Homes announced Wednesday that a 16 percent slashing of its workforce is part of a companywide restructuring plan designed to reduce costs and improve operating efficiencies.
Pulte's impending layoffs...
Building Justicemore
May 29, 2007CORRECTED - Centex, DR Horton, Pulte may bust credit terms -S&P
(Corrects headline, first and third paragraphs to show that the companies are vulnerable to breaking covenants on credit facilities, not bonds)
By Al Yoon
NEW YORK, May 29 (Reuters) - At least three major U.S. home builders suffering from the housing slump may violate contracts that govern...
Building Justicemore
May 28, 2007Pay dirt New rules reveal more about exec pay, but disclosure doesn’t always equal clarity
Bloomfield Hills-based Pulte Homes Inc. included a column for “gift cards” in its table that breaks out the components of its executives’ “other compensation.”According to the table, Executive Vice President and COO Steven Petruska and Senior Vice President of Operations Peter Keane...
Building Justicemore
May 24, 2007Pulte, city reach affordable agreement
By Nicole Haley/Daily News staff
Waltham - The developers of a 268-unit condominium complex will pay $600,000 into the Waltham Affordable Housing Trust Fund, lower prices on some of their units, and upgrade affordable apartments, as part of a legal agreement reached with the city.
The deal,...
Building Justicemore
May 11, 2007Year-over-year home prices drop for first time since 2002
The last bit of good news vanished from Orlando's gloomy home market last month, when the median price of the houses and condos sold by local Realtors fell from a year earlier for the first time in more than five years.
Building Justicemore
May 10, 2007Homebuilders in a Hole;
Battered by the bust, they're filing for Chapter 11 and begging hedge funds for help
Building Justicemore
May 10, 2007Pulte president sees long road to housing recovery
Shareholders of Pulte Homes heard a downbeat assessment of the nation’s homebuilding market today at the firm’s annual meeting.
“The worst may not be behind us,” Richard Dugas, Pulte’s president and CEO, told shareholders at the Community House in Birmingham.
Building Justicemore
May 10, 2007Developer to fix heating problems
By EDWARD LEVENSON
phillyBurbs.com
The developer of Bedminster Square promised Wednesday night to fix heating and ventilation problems that left residents with high heating bills but chilly homes.
However, the 60 or so residents who attended a meeting at the Deep Run Mennonite Church on Deep...
Building Justicemore
Apr 30, 2007Carmel turns down national developer over features for senior citizens
By BARBARA LIVINGSTON NACKMAN
THE JOURNAL NEWS
(Original publication: April 30, 2007)
CARMEL - A national builder who has torn up a very visible hillside off Stoneleigh Avenue to construct 315 units of senior housing must include special features for elderly residents, such as buzzers and...
Building Justicemore
Apr 25, 2007Pulte Has 1Q Loss; Closings Down 37 Pct
Pulte Homes Inc., reported it lost $85.7 million during the first quarter of 2007 amid slumping closings on new homes and a massive inventory.
Building Justicemore
Apr 18, 2007Pulte lowers forecast
In a sign of continuing problems in the housing market, builder Pulte Homes announced Wednesday that it was dramatically lowering its first-quarter results forecast.
Building Justicemore
