Homebuilder Pulte tops profit estimates as buyers return to the market [Reuters]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: Reuters
Homebuilder Pulte tops profit estimates as buyers return to the market - Reuters 2 Min Read (Reuters) - PulteGroup Inc ( PHM.N ) on Tuesday topped Wall Street estimates for second-quarter profit as the U.S. homebuilder sold homes at higher prices, and homebuyers benefited from declining mortgage rates. Orders, an indicator of future revenue, rose 7.1% to 6,792 units in the quarter. “Consumer activity remains high as homebuyers are returning to the market following a period of softer demand in the back half of 2018,” Chief Executive Officer Ryan Marshall said in a statement. Marshall added that he was optimistic about demand for the remainder of 2019. Pulte sold 5,589 homes in the quarter, down from 5,741 a year ago, but the average home price rose to $430,000 from $427,000 boosting total revenue. U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates. Net i
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PHM
Earnings
- 10/22/24 - Beat
PHM
Sec Filings
- 10/31/24 - Form SCHEDULE
- 10/25/24 - Form 4
- 10/22/24 - Form 10-Q
- PHM's page on the SEC website