PulteGroup Inc., the nation's largest homebuilder, said Wednesday it slashed its loss in the first quarter and forecast it would be profitable this year.
That would mark a major turning point for the builder, which has posted a loss now for 14 consecutive quarters as the worst housing downturn in decades unfolded.
But management struck a confident tone Wednesday, saying it expects its sales to continue improving this year and the write-downs that have eaten away at its profits should ease.
"Assuming market conditions for the housing industry remain stable, we expect PulteGroup to remain profitable in 2010," PulteGroup CEO Richard Dugas …
Комментариев нет:
Отправить комментарий