PulteGroup stock faces downward pressure as rising interest rates and cooling demand drive an 11% revenue decline, leaving the homebuilder trailing the S&P 500's 14.7% annual gain.
PulteGroup's stock has underperformed the S&P 500 with declining home-sale revenue and expected profit declines.
D.R. Horton has declined over the past year and recent months, underperforming PulteGroup but still facing housing headwinds.
The S&P 500 is used as a benchmark and has risen over the comparable periods.
PulteGroup shares continue to underperform the broader market, falling 11.4% over the past year as the company grapples with persistent housing affordability pressures. Second-quarter results highlighted these headwinds, with home-sale revenue dropping 11% year-over-year to $3.80 billion amid a decline in both closings and average selling prices.
PulteGroup is facing significant housing-market headwinds, including volatile interest rates and affordability pressures, which have led to declining home-sale revenue and lower profit expectations.