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Apr 15, 2008 1,000 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 Repubic more
Mar 13, 2008 A shocking court decision might free builders from responsibility for home defects Yep, these are lousy times to be a homeowner — and it may get much worse in this state. That's thanks to a recent court decision that consumer advocates believe will dramatically weaken new homebuyers' rights. The ruling basically lets builders off the hook for construction defects, saying... Phoenix New Times more
Mar 7, 2008 Pulte 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. Reuters more
Mar 3, 2008 Pulte Homes Corporation signed a settlement agreement for $160,000.00 on February 12th to resolve 44 alleged air quality violations. The alleged violations include: failure to obtain an earthmoving permit; failure to install, maintain and use a suitable trackout control device; failure to immediately clean up trackout, carryout, spillage and/or erosion; failure to cover haul trucks; failure to load all haul trucks such that... Maricopa County more
Feb 20, 2008 Western unions want Pulte to pressure contractors for safer jobsites. UNDER NORMAL CIRCUMSTANCES, Pulte Homes' annual shareholders' meeting in Birmingham, Mich., on May 10 would have been uneventful: The builder declared a 4-cent quarterly dividend, and its CEO, Richard Dugas, lamented sodden market conditions. Builder Online more
Aug 23, 2007 Centex, Lennar, Pulte Homes' ratings on review for downgrade - Moody's MUMBAI (Thomson Financial) - Moody's Investors Service placed all of the ratings of Centex Corp, Lennar Corp, and Pulte Homes Inc under review for downgrade. Building Justice more
Aug 15, 2007 Fitch 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 Justice more
Jul 26, 2007 Things 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 Justice more
Jul 26, 2007 Pulte Homes Announces Second Quarter Loss of $508 million Building Justice more
Jul 3, 2007 Pulte 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 Justice more
Jul 2, 2007 Homebuilders 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 Justice more
Jun 28, 2007 Pulte 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 Justice more
Jun 21, 2007 Protesters 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 Justice more
May 30, 2007 Pulte 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 Justice more
May 30, 2007 Pulte 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 Justice more
May 29, 2007 CORRECTED - 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 Justice more
May 28, 2007 Pay 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 Justice more
May 24, 2007 Pulte, 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 Justice more
May 11, 2007 Year-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 Justice more
May 10, 2007 Homebuilders in a Hole; Battered by the bust, they're filing for Chapter 11 and begging hedge funds for help Building Justice more
May 10, 2007 Pulte 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 Justice more
May 10, 2007 Developer 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 Justice more
Apr 30, 2007 Carmel 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 Justice more
Apr 26, 2007 Homebuilders May Break Loan Covenants, Moody's Says (Update1) The outlook for Pulte's credit rating was lowered to ``negative'' from ``stable'' today (4/26) Building Justice more
Apr 26, 2007 LV housing slump worsens New home prices in Las Vegas fall by nearly 10%. Building Justice more
Apr 25, 2007 Pulte 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 Justice more
Apr 18, 2007 Pulte 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 Justice more
Apr 10, 2007 TheStreet.com TV Recap: Homebuilder Heads-Up Credit Suisse's Ivy Zelman downgrades Pulte. Building Justice more
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