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PulteGroup, Inc.

PHM

Filing: SEC 10-Q
Period: As of 2026-03-31
Basis: Editorial filing; Read original SEC 10-Q ↗

Sankey diagram of PulteGroup, Inc.. A complete text table follows the diagram.

Inside PulteGroup's 15,841-Home Production Line

Sold homes anchor the pipeline while speculative inventory is being reduced, with land options and captive mortgages adding flexibility at each end

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Source & review

Read original SEC 10-Q ↗

SEC accession: 0000822416-26-000023
Filed: Date not recorded
Reviewed: 2026-07-28
Status: Individual filing review complete

How to read these figures

Every node and link is an exact reported unit count from the filing's homes-in-production table. Sales, backlog, lots, incentives and mortgage statistics appear only as contextual annotations and are not mixed into the home-unit flow.

Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.

Pulte reduced total production 13% year over year, mainly through fewer spec homes and faster construction cycles.
A 10,427-home backlog worth $6.53B gives visibility into homes that are sold but have not yet closed.
Completed specs are being cleared with discounts, closing-cost support and mortgage-rate buydowns.
Pulte controls 229,245 future lots, with 56% optioned rather than owned to reduce long-duration land risk.
Pulte Mortgage captured 84.8% of eligible homebuyer loans and sold substantially all originations within about 30 days.

View accessible tables

Financial categories · As of 2026-03-31 · Homes
Category	Stage	Value	Notes
Homes in production	1	15,841	PulteGroup's physical housing pipeline
Sold homes	2	7,741	Build-to-order and presold inventory
Spec homes	2	6,349	Inventory without a customer order
Model homes	2	1,751	Sales tools across active communities
Specs under construction	3	4,834	Can serve buyers seeking faster closings
Completed specs	3	1,515	Finished inventory awaiting buyers

Financial flows · Homes
From	To	Value
Homes in production	Sold homes	7,741
Homes in production	Spec homes	6,349
Homes in production	Model homes	1,751
Spec homes	Specs under construction	4,834
Spec homes	Completed specs	1,515