PulteGroup (PHM) Home Sales to Decline Y/Y in Q4 Earnings

PulteGroup, Inc.’s (PHM) Homebuilding segment, accounting for more than 98% of total revenues, is expected to have decreased year over year when PHM reports fourth-quarter 2023 results on Jan 30.PulteGroup has exhibited a solid performance over the past six months, with the stock rising 25.6%, outperforming the Zacks Building Products - Home Builders industry’s 14.7% increase. It has been benefiting from its focus on entry-level buyers and liquidity protection, prudent management of cash flows and land inve ...