Quarter ended June 30, 2026.
| Closings | 6,997 (↓8%) |
| Revenue | $3.98B (↓10%) |
| Gross margin | 25.0% |
| Orders | 7,536 (↑6%) |
From the call
“Given our build cycle time is down to 100 working days and even lower in many markets, we are now able to selectively use mortgage rate buydowns to facilitate BTO sales.”
Short build times turn the rate buydown into a build-to-order tool. Built-to-order reached 45% of Pulte’s sales, on the way to 60%.
Source: PulteGroup 8-K and earnings call.
