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PulteGroup, Inc. Message Board

  • metal416 metal416 Mar 3, 2005 9:31 PM Flag

    housing bubble

    M.D.C. Holdings says Q1 may miss analysts' targets
    Wed Mar 2, 2005 12:13 AM ET
    NEW YORK, March 2 (Reuters) - U.S. home builder M.D.C. Holdings Inc. (MDC.N: Quote, Profile, Research) said on Wednesday that construction and development delays may cause its first-quarter earnings per share to miss the low end of analysts' estimates of earnings of $1.80 per share.
    The company said approximately 200 home closings scheduled for the first quarter may be delayed to later periods.

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    M.D.C. Holdings says Q1 may miss analysts' targets
    Inflation fears send housing stocks down=2
    Inflation fears send housing stocks down

    But it expects to recapture the delayed closings by the latter half of 2005, and said its expectations for "record" 2005 revenues and earnings "remain essentially unchanged."

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    • There may be a housing bubble, but not with new houses. Everyone today wants a new house- they are MUCH nicer than older homes, made for the way people live today. I live in Royal Oak, and there are tons of older homes. The only way to get a decent home in this town is to completely renovate one of these old bungalows.

      So in terms of a bubble, there may be, but not in new homes. the demand is incredible. Pulte sells them as fast as they can make them. I recently looked at a development in northville, mi by pulte, unbelieveable. Selling them as fast as they build.

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