Strong Financial Performance
PulteGroup generated third quarter home sale revenues of $4.2 billion, operating margins of 16.8%, and earnings of $2.96 per share. The company delivered a return on equity of 21% for the trailing 12 months.
Active Adult Segment Growth
Net new orders in the active adult business increased 7% over Q3 of last year, benefiting from both an increase in community count and absorption pace.
Efficient Production Cycle
The average build cycle is now down to just 106 days, allowing for less inventory while being responsive to demand.
Land Pipeline and Investment
PulteGroup invested $1.3 billion in land acquisition and development in Q3, maintaining a healthy pipeline of 240,000 lots under control.