PulteGroup 4Q Profit Sinks as Consumer Worries Hurt Homebuying Demand

Dow Jones

Jan 29

By Nicholas G. Miller

PulteGroup posted lower fourth-quarter profit as weak consumer sentiment continued to hurt home sales.

"While lower interest rates and more favorable pricing dynamics have worked to improve the overall affordability of new homes relative to a year ago, lagging consumer confidence continued to weigh on home buyer demand in the quarter," said Chief Executive Ryan Marshall.

The company reported net income of $502 million, or $2.56 a share, down from $913 million, or $4.43 a share, the year prior. Analysts expected $2.81 a share, according to FactSet.

Total revenues fell to $4.61 billion, down from $4.92 billion the year before. Wall Street expected $4.33 billion.

Home sale gross margin came in at 24.7%, down from 27.5% in the year-ago quarter.

Closings fell 3% to 7,821 homes.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 29, 2026 07:12 ET (12:12 GMT)

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Wall Street expected $4.33 billion. \n</p>\n<p>\n  Home sale gross margin came in at 24.7%, down from 27.5% in the year-ago quarter. \n</p>\n<p>\n  Closings fell 3% to 7,821 homes. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. 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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  PulteGroup posted lower fourth-quarter profit as weak consumer sentiment continued to hurt home sales. \n</p>\n<p>\n  \"While lower interest rates and more favorable pricing dynamics have worked to improve the overall affordability of new homes relative to a year ago, lagging consumer confidence continued to weigh on home buyer demand in the quarter,\" said Chief Executive Ryan Marshall. \n</p>\n<p>\n  The company reported net income of $502 million, or $2.56 a share, down from $913 million, or $4.43 a share, the year prior. Analysts expected $2.81 a share, according to FactSet. \n</p>\n<p>\n  Total revenues fell to $4.61 billion, down from $4.92 billion the year before. 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Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2026 07:12 ET (12:12 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2607084611","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607084611","pubTimestamp":1769688720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PulteGroup posted lower fourth-quarter profit as weak consumer sentiment continued to hurt home sales.\"While lower interest rates and more favorable pricing dynamics have worked to improve the overall affordability of new homes relative to a year ago, lagging consumer confidence continued to weigh on home buyer demand in the quarter,\" said Chief Executive Ryan Marshall.The company reported net income of $502 million, or $2.56 a share, down from $913 million, or $4.43 a share, the year prior. 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Miller \n\n\n \n\n\n  PulteGroup posted lower fourth-quarter profit as weak consumer sentiment continued to hurt home sales. \n\n\n  \"While lower interest rates and more favorable pricing dynamics have worked to improve the overall affordability of new homes relative to a year ago, lagging consumer confidence continued to weigh on home buyer demand in the quarter,\" said Chief Executive Ryan Marshall. \n\n\n  The company reported net income of $502 million, or $2.56 a share, down from $913 million, or $4.43 a share, the year prior. Analysts expected $2.81 a share, according to FactSet. \n\n\n  Total revenues fell to $4.61 billion, down from $4.92 billion the year before. Wall Street expected $4.33 billion. \n\n\n  Home sale gross margin came in at 24.7%, down from 27.5% in the year-ago quarter. \n\n\n  Closings fell 3% to 7,821 homes. \n\n\n \n\n\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2026 07:12 ET (12:12 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}