Pultegroup, Inc. (PHM)

The company now

PulteGroup, one of the largest homebuilders in the United States, reported on 22 October 2026 that third-quarter net income fell to $476 million from $586 million a year earlier 1. It closed the sale of 6,876 homes, 9 percent fewer than a year before, and home sale revenue fell 9 percent to $3.9 billion 1. Its gross margin on home sales, the share of the sale price left after land and building costs, slipped to 24.8 percent from 26.2 percent 1.

The company blamed mortgage rates, which rose sharply during the quarter and most of all in September, along with higher housing costs and tensions in the Middle East 2. To keep homes selling it leaned on discounts, help with closing costs and mortgage rate buydowns, in which the builder pays to lower the buyer's interest rate 2. Incentives ran at 10.4 percent in the quarter, up from 8.9 percent a year earlier, according to the company's call slides 3.

Net new orders fell 6 percent to 6,208 homes, with the West, the Southeast and Texas weaker and Florida stronger 12. Chief executive Ryan Marshall said the company continues to "balance the price and pace of home sales" 1. The open question is the year's end: the company guides to 7,000 to 7,500 fourth-quarter closings at a gross margin of 24.0 to 24.5 percent 3.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.