Pultegroup ceo says increasing guidance for fy closings to be in range of 23,000 to 23,200 homes

Pultegroup ceo - "optimistic about sustainability of housing demand and potential for new home sales to continue marching higher".pultegroup ceo - "expect to see an ongoing modest expansion for first-time business as we progress through 2020 and beyond".pultegroup cfo says expect deliveries in q4 to be in range of 6,600 to 6,800 homes.pultegroup cfo says increasing guidance for fy closings to be in range of 23,000 to 23,200 homes.pultegroup cfo says continue to expect average sales price of closings in q4 to be in range of $425,000 to $430,000.pultegroup cfo -" being careful of pricing actions as we believe affordability, though improved, is still an issue in particular markets & buyer segments".pultegroup cfo - currently expect q4 gross margin to be in range of 23.2% to 23.4%.pultegroup ceo - "while gm strike appears to be on track to be settled, did see impact on demand in many of midwest markets from lengthy labor dispute".pultegroup ceo - "with supportive economic conditions, low interest-rate environment, look for buyers to remain active right through end of 2019".pultegroup ceo - "catalyst for most recent rise in housing demand likely been decline in interest rates and impact on affordability equation".
PHM Ratings Summary
PHM Quant Ranking