9. Pulte Homes
Fortune 500 rank: 282
2007 loss: $2.26 billion
As the buying and selling of new homes ground to a near-halt in 2007, the second-largest U.S. home builder got stuck in the middle. Sales of new houses fell by $5 billion, hit particularly hard by a Florida market where Pulte sold half as many new houses as it did in 2006.
The value of land the company owns also fell by $2 billion as plans for new developments were scrapped. It was rescued from a bigger loss only because it built about 9,000 fewer new units and laid off 1,700 employees.
NEXT: Fannie Mae
Last updated April 24 2008: 11:01 AM ET
RSS
-
About CNNMoney
-
Content
-
Magazines
-
Site Tools
-
Stay Connected
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc.
Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices 
.
.
