PulteGroup reported strong demand and absorption rates in 2025, with Del Webb communities driving high margins. Despite challenges in Western markets, the company’s buyer diversity and disciplined approach to land investment have positioned them well for growth. The decision to divest from off-site manufacturing operations reflects a strategic focus on core homebuilding operations and capital allocation. Incentives remained elevated in the fourth quarter, with financing incentives flat and other incentives focused on clearing spec inventory. Looking ahead, the company aims to increase build-to-order homes and manage spec inventory in line with their long-term targets. The company remains optimistic about future growth opportunities and profitability in the housing market.

Read more at Yahoo Finance: PulteGroup (PHM) Q4 2025 Earnings Call Transcript