Top Central Florida Home Builder Is Optimistic

 

 

Top Central Florida Home Builder Is Optimistic

 

As the U.S. housing market continues to be sluggish, homebuilder PulteGroup Inc. remains one of the most active entities in Central Florida According to the company's data report on Jan. 31, there were 41% fewer orders for their homes during the last three months of 2022 from the same period in 2021.   However, CEO Ryan Marshall noted that sales increased month-over-month from October through December and have continued into January. Additionally, PulteGroup’s revenue from home sales skyrocketed 20%, with average sale price surging 17%, while mortgage applications remain largely unaffected by the high interest rates. Notably, Marshall mentioned that in October they had taken steps to walk away from land deals and slow production due to shrinkage in demand.  if consumer buying power continues to recover, the entire homebuilding industry could benefit as inventory of existing homes across metro Orlando is just 2.85 months