Pulte Homes Sees Losses Widen in Q3

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.