Pulte Homes Up on Record Orders
The Michigan-based homebuilder says orders surged 31% in the fourth quarter.
The Michigan-based homebuilder says orders surged 31% in the fourth quarter.
Pulte Homes
(PHM) - Get Report
announced record orders for the fourth quarter on Friday.
The Bloomfield Hills, Mich.-based company said new home orders rose 31% to a record 8,465 in the quarter ended Dec. 31, 2003.
For the full year, new orders totaled 34,989, an increase of 13%.
"We continue to expand our product offerings to serve all buyer segments: affordable, first and second move up and active adult," said the company.
Demand was particularly strong in the central and western parts of the country.
Pulte shares rose $1.09, or 2.5%, to $44. Shares in
Ryland Group
(RYL)
, and
Centex
(CTX)
also gained.
