PulteGroup, Inc. (NYSE:PHM) shares are trading higher after the company reported second-quarter FY24 results. Revenue stood at $4.60 billion, beating the consensus of $4.491 billion. Reported home sale revenues rose 10% Y/Y to $4.4billion, with higher revenues reflecting an 8% Y/Y increase in closings to 8,097 homes and a 2% Y/Y rise in average sales price to $549,000. The gross margin for home sales stood at 29.9%, increasing by 30 basis points Y/Y, in the quarter. Net new orders fell to 7,649 from 7,947 homes last year. However, the dollar value of net new orders rose 2% year-over-year to $4…
