Earnings / Homebuilding
PulteGroup Profit Falls to $476 Million as Closings Drop 9% and Home Sale Gross Margin Narrows to 24.8%
Diluted earnings were $2.53 a share, down from $2.96 a year earlier, total revenues fell 9.8% to $3.97 billion, and net new orders slipped 6% even as the backlog grew 4% to 10,298 homes.