Atlanta, GA, April 22, 2016—PulteGroup, Inc. announced financial results for its first quarter ended March 31. For the quarter, the company reported net income of $83 million, or $0.24 per share, compared with prior year net income of $55 million, or $0.15 per share.
Home sale revenues for the first quarter were $1.4 billion, an increase of 28% over the prior year.
Higher revenues for the quarter were driven by a 17% increase in closings to 3,945 homes in combination with a 9% increase in average selling price to $353,000.
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