Pultegroup says seeing minimal cancellation from most buyers - conf call

Pultegroup says postponing purchasing land parcels currently under contract- conf call.pultegroup says seeing minimal cancellation from most buyers- conf call.pultegroup says march 2020 orders fell 11% versus a year ago- conf call.pultegroup says co is leveraging technology to enable virtual interactions with homebuyers.pultegroup says homebuyers are walking computer generated floor plans and picking a lot on co’s interactive community maps and applying for mortgage.pultegroup says operations of pulte mortgage have continued with minimal interruption.pultegroup says majority of buyers in co’s backlog made a buying decision prior to covid-19, and most of them are ready to move to the closing table.pultegroup says to date sold 900 homes in april through virtual transactions.pultegroup says through the first 3 weeks of april, co had 360 backlog units canceled, which represents 3% of homes in backlog.pultegroup says buyer desire to own a home is holding strong, and there hasn’t been a lot of discounting on the home pricing.pultegroup says "underlying trend is that buyer traffic to our website, and in turn, our communities has decreased materially".
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