Atlanta-based PulteGroup on Tuesday reported net income of $882 million for the last quarter of 2022, up 33% from the same period a year earlier.
Revenues during the quarter were $2.6 billion, 19% higher than during the same three months of 2021 — news that sent shares of company stock to their highest level in more than a year during afternoon trading. The company, the nation’s third-largest homebuilder, finished the year with $15.9 billion in revenues.
Chief Executive Ryan Marshall said the business was coping with “a rapidly evolving housing market,” citing the year-long campaign of the Federal Reserve to raise interest rates in an attempt to chill inflation.
