Lawler: Excerpts from PulteGroup's Conference Call

From housing economist Tom Lawler: The edited transcript from the conference call is available here . "In the first quarter, net new orders were up more than 30% over the prior year for both January and February. It's now old news when I say that, with the virus spreading rapidly and governments implementing shelter-in-place restrictions, homebuying demand slowed dramatically as March progressed. To appreciate the magnitude of the slowdown, in the first full week of March, our net new orders exceeded 800 homes. In the final full week, this number dropped to just 140. As a result, our March......(read more)

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