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  • Premium buyers drive PulteGroup’s Q3 earnings

    Premium buyers drive PulteGroup’s Q3 earnings

    According to PulteGroup’s Q3 2026 Financial Report, the homebuilder maintained resilient gross margins despite pressures from elevated mortgage rates, inflation and stretched homebuyer affordability.

    The builder is concentrating on the higher-margin move-up and active-adult buyer segments, helping cushion margins against entry-level affordability headwinds. PulteGroup President and CEO, Ryan Marshall, reflected that the company’s balance of price and pace of home sales is critical in the current environment.

    PulteGroup reported 6,876 home closings, down 9% year-over-year, with an average selling price of $561,000, declining 1% year-over-year.

    The company’s community count increased 7% year-over-year, totaling 1,077 active communities.

    “With homebuying demand increasingly pressured by rising mortgage rates, widespread inflation and global unrest, we continue to benefit from our diversified operating platform and consistent strategies for delivering superior returns over the housing cycle,” said Marshall. “With more than 60% of our business now comprised of more profitable move-up and active-adult homebuyers, our strong gross margins were instrumental to driving third quarter earnings of $2.53 per share.”

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  • Why are U.S. homes getting smaller?

    Why are U.S. homes getting smaller?

    The average-sized household continues to shrink despite an increase in adults sharing a home, more so than in previous decades. This new trend is causing an increased demand for smaller homes, as U.S. homebuyers prioritize practicality.

    There are multiple reasons for this paradox: The number of adult children living with their parents is rising; divorce rates have decreased, so more married couples are living together. Additionally, the number of children per household is lessening and the number of seniors is increasing, with many of them living alone.

    According to John Burns Researching and Consulting, since 2010, the average household has shrunk from 2.54 to 2.42 people. As the average-sized household continues to shrink, the need for smaller homes in the U.S. market is rising.

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  • Dream Finders Homes seals $2.2 billion Beazer Homes deal

    Dream Finders Homes seals $2.2 billion Beazer Homes deal

    Dream Finders Homes has openly eyed Atlanta-based, energy-efficient homebuilder Beazer Homes since February of 2026. On Oct. 20, 2026, Dream Finders finally closed on the $2.2 billion deal.

    This marks the ninth acquisition for the Jacksonville, Fla.-based Dream Finders since 2021. The company is now expected to be the sixth-largest homebuilder in the nation.

    “Today, Beazer’s teams officially join ours, and the real work begins. We are closing this transaction in a challenging housing environment and we are clear-eyed about that,” said Patrick Zalupski, Founder, CEO, and Co-Chairman of Dream Finders.

    It remains unclear if Dream Finders will continue the energy-efficient legacy left by Beazer. They have not yet responded to a request for comment.

    Dream Finders affirmed that this deal will provide leverage in the current market; it also expanded its homebuilding presence into four new states.

    “This combination is built to perform throughout the housing market cycle,” said Rick Beckwitt, Co-Chairman of Dream Finders. “We continue to expect over $100 million of annual run-rate cost synergies and double-digit percentage EPS accretion in year one, while expanding our financial services platform and preserving the asset-light model that underpins our returns.”

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  • Builder confidence cools to 29 in October

    Builder confidence cools to 29 in October

    National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) fell three points to 29 in October.

    This repeats the three-point drop reported in September. Builder confidence sits at its lowest since 2012.

    Buyer traffic also took a hit, despite 43% of builders cutting prices and 65% of builders offering sales incentives.

    Regionally, the brightest spot is the Midwest, with permits up 2.9% and a HMI of 40. The Northeast and  South both fell one point to 38 and 30. The West remains the slowest market, declining to 26.

    “Housing remains squeezed by supply-side constraints and significant affordability challenges,” said NAHB Chief Economist Robert Dietz. “Mortgage rates have climbed well above 7% in recent weeks. Though builders are also contending with higher costs for construction loans, building materials and diesel, the administration’s efforts to advance regulatory reform are helping to ease some of the cost pressures they face.”

    Reflecting these policy shifts, the U.S. Department of Commerce is cutting duties on Canadian softwood lumber imports, while efforts are underway to suspend tariffs on all building materials through the Housing Tariff Exclusion Act.

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