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NVR Makes Notable Cross Below Critical Moving Average
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Homebuilder PulteGroup Posts Loss: PHM-Heavy ETFs - ITB, XHB, KME

By Market News Video Staff, Wednesday, November 3, 8:44 AM ET

The largest U.S. homebuilder, PulteGroup (NYSE:PHM) posted a wider third-quarter loss today, although the company’s adjusted loss beat analyst expectations.

Pulte said new orders declined 12% in the third quarter compared to last year.

Shares of Pulte are trading down 0.5% in premarket Wednesday.

Pulte is one of the top holdings in the iShares Dow Jones U.S. Home Construction Index Fund (AMEX:ITB), at 7.49% of the total.

Pulte stock is 3.41% of the SPDR S&P Homebuilders ETF (AMEX:XHB).

Pulte also makes up 5.65% of the SPDR KBW Mortgage Finance ETF (AMEX:KME).

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This Article's Word Cloud:   AMEX   Construction   Finance   Fund   Home   Homebuilders   Index   Jones   Mortgage   NYSE   Pulte   PulteGroup   SPDR   Shares   Wednesday   adjusted   also   although   analyst   beat   company   compared   declined   down   expectations   holdings   homebuilder   iShares   largest   last   loss   makes   orders   posted   premarket   quarter   said   stock   third   today   total   trading   wider   year
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