PulteGroup Q1: Crushing Numbers Amidst Chaos

PulteGroups Q1 results: Crushing expectations with $3.3B in home sales revenue, 24.4% gross margins, and $1.79 EPS. Orders surged 3% to 8,000 homes, driven by 18% growth in Florida. Land investments hit $1.3B, and $360M returned to shareholders. Buyers in move-up and active adult segments thrived, while first-time buyers faced affordability challenges. House costs dropped 5% to $75/sq ft. Full-year guidance reaffirmed: 28,500-29,500 closings, $550K-$560K avg sales price, and 24.5-25% margins. Demand remains strong, with Florida leading the way. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8cf18bf9ffe77593