PulteGroup (PHM) Q3 2026 Earnings Summary

PulteGroup held a 24.8% gross margin while first-time buyers pulled back, and cycle times dropped below 100 days for the first time since before COVID.

Quarter ended September 30, 2026.

Closings 6,876 (↓9%)
Revenue $3.97B (↓10%)
Gross margin 24.8%
Orders 6,208 (↓6%)

From the call

“We went below a hundred days for the first time since pre-COVID, and that includes all of the big four and five story multi-family buildings that we do.”

Faster builds let Pulte sell before it starts and still close inside a rate lock. First-time buyers slowed, while move-up and active-adult buyers held up.

Source: PulteGroup 8-K and earnings call.

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