Detroit, MI, Nov. 3, 2010 — Homebuilder PulteGroup posted a third-quarter loss of $995 million, or $2.63 per share, compared with a loss of $361.4 million, or $1.15 per share, a year earlier.
Land writedown charges totaled $986 million, the company said in a press release.
Revenue from home sales was $1 billion, down 3%.
The company said it expects industry conditions to remain challenging.
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