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PulteGroup's Q3 results showed weakening housing demand, with new orders falling 6% despite operating 7% more communities. Buyer traffic dropped 14% YoY, as high mortgage rates continued to make homes less affordable and discourage potential buyers. Gross margin held up at 24.8%, partly because Pulte sold fewer lower-margin speculative homes. However, this also hurt sales volumes.
Home Sale Revenue (Q3): $3.9 billion, down 9% YoY from $4.2 billion.Home Sale Revenue (9M): $11 billion.Net Income (Q3): $476 million, or $2.53 per diluted shar
On October 22, 2026, PulteGroup Inc (PHM) shares experienced a notable increase of 5.8%, bringing the current price to $119.48. This movement comes in a context
PulteGroup NYSE: PHM reported third-quarter 2026 net income of $476 million, or $2.53 per share, as higher mortgage rates and weaker consumer confidence reduced buyer traffic and home closings. The homebuilder said it maintained relatively stable conversion rates among prospective buyers who visited its communities, but fewer consumers began the home-search process during the quarter.
PulteGroup, Inc. (PHM) Q3 2026 Earnings Call Transcript
PHM's Q3 2026 earnings and revenues lag estimates as lower home closings, weaker demand and shrinking margins weigh on results despite backlog growth.
Although the revenue and EPS for PulteGroup (PHM) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PulteGroup (PHM) came out with quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $2.63 per share. This compares to earnings of $2.96 per share a year ago.