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Las Vegas Review-Journal Business Briefs Column.

Las Vegas Review-Journal (Las Vegas, NV)

| April 25, 2001 | COPYRIGHT 2007 Las Vegas Review-Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Apr. 25--HOME BUILDERS POST INCREASED QUARTERLY EARNINGS: Home builders Pulte Corp. and Del Webb Corp. on Tuesday said quarterly earnings rose sharply as increased sale prices and lower costs produced higher margins.

Pulte, based in Bloomfield Hills, Mich., reported first-quarter operating earnings of $39.1 million, or 91 cents per share, compared with $24.3 million, or 57 cents, a year before.

Net income for the quarter was $39.4 million, or 92 cents per share. Pulte, the No. 3 builder in Las Vegas with 855 homes sold in 2000, told Reuters the average sales price of its homes went up 9 percent.

Del Webb, the second-largest Las Vegas home builder with 1,889 homes sold in 2000, reported a 32 percent increase in fiscal third-quarter profits despite declining…

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