PulteGroup's Q3 profit up 19%
PulteGroup Inc. (NYSE: PHM) reaped the benefits of the post-Great Recession housing market in the third quarter of 2016.
Revenue for the period jumped 29 percent to $1.9 billion thanks to a 16 percent increase in deliveries to 5,037 homes and a $37,000 increase in average selling price to $374,000.
Profit spiked 19 percent to $128.5 million, or 37 cents a share.
The results included $20 million in charges related to the settlement of a contract dispute associated with a land transaction the company...