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[Pultegroup Q1 Earnings Beat Expectations, But Sales Orders And Closings Decline] Homebuilder Pultegroup (PHM) Reported First Quarter Adjusted Earnings Of $2.57 Per Share, Exceeding Estimates, But Net Sales Orders Declined 7.3% Year-over-year To 7,765 Units And Home Closings Fell 7.2% To 6,583, Both Missing Analyst Forecasts. The Company Warned That Tariffs Could Add An Average Of $5,000 To Home Costs, Affecting All Buyers, And Estimated A Roughly 1% Increase In Construction Costs In The Latter Half Of The Year Due To Duties On Materials From Countries Like China. Affordability Issues Also Contributed To Lower New Orders Across Buyer Segments.
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