Home sale revenues for the second quarter rose 19 percent to $1.22 billion. Pulte sold more homes at higher prices. The average selling price increased to $294,000 from $268,000 a year ago. Backlog was up 13 percent, to 8,558 homes. Backlog value rose 25 percent, to $2.71 billion.
In comments accompanying the earnings report, Chairman and CEO Richard Dugas said that the housing recovery remained intact and even the recent rise in interest rates had, so far, had little impact on business activity.
"Consumers are continuing to exhibit a sense of urgency in their desire to purchase a new home," said Dugas.
and what does that have to do with the price of tea in china, or in this case why dhi's stock is down 35% in 4 months, that is a drop of almost 10% a month. it is because wall street manipulates the market to screw us, just like I said, you don't have durable goods come in and blow expectations away and the market sell off, it is like black jack and the market makers are the dealers, they just clean off the chips continually from people, sorry SOB'S!!!