PulteGroup Q2 2024 Earnings Report
Key Takeaways
PulteGroup reported a strong second quarter with earnings increasing by 19% to $3.83 per share. Home sale revenues increased by 10% to $4.4 billion, driven by an 8% increase in closings and a 2% increase in average sales price. The company also repurchased $314 million of common shares and $300 million of senior notes.
Earnings increased 19% to $3.83 Per Share
Home Sale Revenues Increased 10% to $4.4 Billion
Closings Increased 8% to 8,097 Homes; Average Sales Price Increased 2% to $549,000
Repurchased $314 Million of Common Shares and $300 Million of Senior Notes in the Quarter
PulteGroup
PulteGroup
PulteGroup Revenue by Segment
Forward Guidance
While interest rate movements can impact short-term homebuying demand, long-term market dynamics continue to benefit from a structural shortage of homes caused by years of underbuilding.