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PulteGroup 4Q loss widens, as demand for new homes slides 

Feb 04, 2011By

PulteGroup’s [stock PHM][/stock] fourth-quarter loss widened to $165.4 million, or 44 cents a share, from to $116.9 million, or 31 cents a share, in 2009, driven by decreased demand for new housing. The firm said its fourth quarter loss includes $196 million in costs associated with land-related charges, restructuring, debt pay-down and other financing amendments during the period. Fourth quarter 2010 net new orders were 3,044 homes, a decrease of 19% from prior year orders of 3,748 homes.

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