PulteGroup Revenue Drops 9% as High Mortgage Rates Dampen Home Demand

Key Facts

1PulteGroup home-sale revenue fell 9% year-over-year to $3.9 billion in the third quarter.

2Net new orders totaled 6,208 homes with a total value of $3.5 billion.

3The CEO noted that Americans are pausing home searches due to surging mortgage rates.

PulteGroup home-sale revenue fell 9% year-over-year to $3.9 billion in the third quarter. Benzinga reported that net new orders totaled 6,208 homes with a total value of $3.5 billion. The company's CEO noted that Americans are pausing home searches due to surging mortgage rates.

PHM closed at $112.89 on October 21, 2026, ahead of the third-quarter results that highlighted the impact of macro headwinds on order volumes. During the October 21 session, the stock reached a high of $115.65 despite the reported decline in revenue.