Pulte Reports 2% Home Sale Revenue Increase in Q1

Atlanta, GA, April 23, 2019-Pulte Group reported a home sale revenue increase of 2% for Q1 2019.

The increase in revenue for the period was driven by a 2% increase in average selling price to $421,000. The company closed 4,635 homes in the quarter, which is a slight increase from the prior year.

Home sale gross profit for the quarter was 23.4% of home sale revenues, compared with prior year gross profit of 23.6% of home sale revenues.