From Yahoo Finance: 2025-04-22 16:12:00

Homebuilder PulteGroup warns of rising tariff costs impacting home prices in America, with CEO Ryan Marshall stating an average increase of $5,000 across all price points. Despite beating analyst estimates with adjusted earnings per share of $2.57 for the first quarter, the company reported a 7.3% decline in net new orders and a 7.2% drop in home closings. Executives anticipate a 1% cost increase in the back half of the fourth quarter due to rising tariffs on key construction materials. PulteGroup stock rose 6% following the earnings call, but challenges in sales persist in the housing market.



Read more at Yahoo Finance: Dow gains 1,000 points, S&P 500 and Nasdaq gain over 2.5% on signs of tariff progress