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Pulte posts $361 million third-quarter loss

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The nation’s largest home builder, Pulte Homes, saw a $361.4 million loss in the third quarter, according to a report released today. The quarter was full of ups and downs for Pulte, which saw its volume of new orders jump by more than a third as it acquired Centex Corp, an acquisition that netted it the spot as largest U.S. home builder. As the two groups join forces, the Associated Press reported, Pulte could save big bucks — the company estimates around $440 million a year. Richard Dugas, president and CEO of Pulte, said that the merger could help the groups’ financials in the near future. “The rationale (behind the merger) has only grown more compelling in the months since the announcement,” Dugas said.