Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why PulteGroup Stock Rose Today

TheMotleyFool

0 0

Shares of PulteGroup (NYSE: PHM) climbed 4.7% on Thursday, following the release of the homebuilder's second-quarter results.

PulteGroup's home sale revenue rose 3% year over year to $2.5 billion. The gains were driven by a 6% rise in closings, to 5,937 homes, which was partially offset by a 3% decline in its average sale price to $416,000.

"Following a period of demand weakness beginning in late March and into April as COVID-19 first impacted the country, new home sales experienced a material acceleration as the second quarter progressed," CEO Ryan Marshall said in a press release.

Source Fool.com

Like: 0

PHM

Share