Robert O’Shaughnessy

“Driven by strong closing volumes, our third quarter home sale revenues increased 12% over last year to $4.3 billion.”

“PulteGroup generated second quarter home sale revenues of $4.4 billion, which represents an increase of 10% over the second quarter of 2023. The increase in revenues for the period was driven by an 8% increase in closings to 8,097 homes, in combination with a 2% increase in our average sales price to $549,000.”

“As Ryan noted, the company delivered exceptional operating and financial results in the quarter, which have us well positioned to realize outstanding financial performance throughout 2024.”

“PulteGroup’s third quarter results add to what has been an exceptional year for the company as we have grown revenues and earnings, generating significant cash flow from operations, lowered our debt, and generally strengthened our entire operating platform.”

“Following on Ryan's comments, our second quarter financial results demonstrate both the continuation of positive trends as well as some of the newer challenges which are impacting the market.”