By Bob Chrisman | Mortgage News Daily
All the housing statistics this week made my head spin. How good would you be at building your own house? Here’s a short 10 question quiz that will see if you’re up to it. (Hint: it helps if you know what a stud is.)
Here’s something new in the builder world, besides a lack of buildable land and difficulty finding skilled workers: the board of directors at Pulte Homes changed, adding members due to shareholder activism. Yesterday the Atlanta-based home builder reported that second-quarter profits grew 14 percent from last year on a 41 percent gain in revenue. But arguably of more interest PulteGroup also announced an agreement with New York hedge fund Elliott Management, which built a 4.7 percent stake in the company.
