Pultegroup's quarterly profit, revenue fall amid sluggish demand for homes
Published on April 23, 2026.
Homebuilder Pultegroup (PHM.N) has reported a decrease in profit and revenue for the first quarter due to rising inflation and underproduction. The company has been dealing with declining sales for several quarters due to years of underproduction and restrictive land zoning. Home sale gross margin decreased to 24.4% from 27.5% a year ago, and total revenue was $3.41% for the quarter ended March 31.
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