Homebuilder Pulte Narrows Loss in Third Quarter

Bloomfield Hills, MI, Oct. 27, 2011 -- PulteGroup Inc , the second largest U.S. homebuilder, reported a third-quarter net loss of $129.3 million, or $0.34 a share, compared with loss of $995.1 million, or $2.63 a share, a year ago.

New home orders were 3,564, flat from a year-ago. Quarter-end backlog was 5,143 homes valued at $1.4 billion.

Revenues from home sales totaled $1.1 billion, an increase of 7% from prior year revenue of $1.0 billion.