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0 0.000896092258541946 0.000584407994701279 -0.00218178984688511 -0.000272723730860612 0.00409085596290962 0.000974013324502279 0.00564927728211317
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PulteGroup PHM Q1 2026 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
President and Chief Executive Officer — Ryan Marshall Executive Vice President and Chief Financial Officer — James Ossowski Senior Vice President, Investor Relations — James Zeumer Takeaways Home Sale Revenues -- $3.3 billion, reflecting a 7% decline in closings and a 5% decrease in average sales price to $542,000. Net New Orders -- 8,034 homes, up 3%, with 18% order growth in Florida driven by expanded community count and favorable land positions. Gross Margin -- 24.4%, a decrease from 27.5%, attributed primarily to incentives equal to 10.9% of gross sales price, which increased 290 basis points year over year and 100 basis points sequentially. Spec Inventory Reduction -- Total spec inventory down by almost 900 homes; finished spec homes decreased by nearly 500 units, or 24%, over the past 90 days to 1,515, achieving the company's targeted range of one to 1.5 finished specs per community. Build-to-Order Mix -- 43% of net new orders, rising from 40%, with a stated obj Show less Read more
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