PulteGroup reported net income of $472 million for the second quarter ending June 30, 2026. Earnings per share reached $2.48. These results represent a decrease from $608 million and $3.03 per share in the prior year. Home sale revenues fell 11% to $3.8 billion.
Closings declined 8% during the quarter. The average sales price dropped 3% to $544,000.
Net new orders increased 6% to 7,536 homes. The value of these orders grew 5% to $4.1 billion. The unit backlog rose 2% to 10,966 homes.
CEO Ryan Marshall attributed the results to macroeconomic uncertainty and volatile interest rates. Marshall noted signs of stabilization in select geographic markets. The company is currently adjusting its strategy to balance sales pace and pricing.