1123 ET - PulteGroup remains confident in the housing market's long-term prospects. The Atlanta home builder is seeing high interest in homeownership but is up against an environment marked by high mortgage rates and home prices, ongoing inflation and concerns that tariffs will challenge affordability further. "People still want to buy a home. They're still buying homes, and we expect to sell a lot of homes between now and the end of the year," says CEO Ryan Marshall in an interview. The sentiment echoes a point builders at large like to make, particularly given the housing shortage in the US. Shares rise 7.5% to $100.05 as 1Q results top expectations. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 22, 2025 11:23 ET (15:23 GMT)
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