Key Highlights

  • PulteGroup shares fell 1.63 percent to USD 111.70 Monday, trading on lighter volume than peers.
  • The decline came as the NAHB/Wells Fargo Housing Market Index fell to 29 in October, its lowest since June 2012.
  • PulteGroup reported about USD 17.3 billion in revenue in 2025 on more than 29,500 home closings.
  • The company is scheduled to report third-quarter results on October 22.

Shares Slip Ahead of Earnings

PulteGroup (NYSE:PHM) shares fell 1.63 percent to USD 111.70 Monday, down from a previous close of USD 113.55, trading on lighter volume than other major homebuilders at about 544,000 shares. The stock's 52-week range spans USD 107.16 to USD 144.50.

The move came as the NAHB/Wells Fargo Housing Market Index fell to 29 in October, its lowest reading since June 2012 and below the 31 level economists had forecast. Builders cited 30-year mortgage rates averaging 7.40 percent, rising material and energy costs, and labor shortages, with 43 percent of builders cutting prices in October.

Company Snapshot

PulteGroup, headquartered in Atlanta, Georgia and founded in 1950, is the third-largest US homebuilder by volume, operating in more than 45 markets across 26 states. The company sells through its Pulte Homes, Centex, Del Webb, DiVosta and John Wieland Homes and Neighborhoods brands, serving first-time, move-up and active-adult buyers, and has delivered more than 875,000 homes to date. Its Homebuilding segment acquires land and builds single-family and attached homes, while its Financial Services segment provides mortgage banking, title and insurance brokerage services.

PulteGroup reported about USD 17.3 billion in revenue in 2025 on 29,572 home closings. In its most recent quarter, the company reported USD 3.98 billion in total revenue, net income of USD 472 million, or USD 2.48 per share, and a 25.0 percent home sale gross margin. The company is led by Chief Executive Ryan Marshall and carries a market capitalization of about USD 21.6 billion.

Earnings on Deck

Consensus estimates call for third-quarter earnings per share of about USD 2.62, down roughly 11.5 percent from a year earlier, with a projected home sale gross margin in the 24.5 to 25 percent range. Analyst views across the homebuilding sector have been mixed heading into the report. One company specific bright spot has been the expansion of the Del Webb active-adult brand into Utah's Jordanelle Ridge community.

Metrics to Watch

Investors are watching PulteGroup's October 22 earnings report for updated margin and closing guidance, along with Tuesday's housing starts and permits data for a broader read on demand heading into the final months of the year.