9 days ago • Posted by William Ramstein

Homebuilder stock PulteGroup has issues acquiring key building materials

The Atlanta-based company, which previously said it had deliberately restricted home sales as it struggled to acquire windows and lumber, now expects to report 7,000 closings in the third quarter, down from a range of 7,300 to 7,600, according to a statement Wednesday. The company also cut its guidance for the full year. The shares fell more than 4% much in early trading. The stock had gained 22% this year through Tuesday’s close. @Bloomberg