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PulteGroup reports strong Q4 earnings, plans $2.1B share buyback amid housing challenges.
PulteGroup Inc., a major homebuilder, reported strong fourth-quarter earnings, with a net income of $913 million and home sale revenues up 13% to $4.7 billion.
The company's board approved a $1.5 billion increase to its share repurchase authorization, totaling $2.1 billion.
Despite a decrease in home sale gross margins, PulteGroup is investing in sales incentives and faster construction times to address high mortgage rates and affordability issues, positioning itself for the upcoming spring market.
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