PulteGroup, Inc. (NYSE:PHM) Q3 2023 Earnings Call Transcript

Truman Patterson: Your spec strategy, should we kind of assume that it’s pretty much stable from here, that you’re targeting about half the business perhaps as spec?

Ryan Marshall: Yes, roughly. I think that’s a good go-forward run rate. It’s higher than what we experienced pre-COVID – that’s mostly reflective of the size of our first-time business and entirely moving that to spec. We did highlight this quarter, 49% – that’s down from about 60% earlier in the year, so we feel pretty good about that performance in the spec business.

Operator: Ladies and gentlemen, that is all the time we have for questions. I will now turn the call back to Mr. Jim Zeumer for closing remarks.

James Zeumer: Okay, appreciate everybody’s time today. Sorry we couldn’t get through to all the questions, but we’re certainly available over the remainder of the day for follow-up, and we’ll look forward to speaking with you next quarter.

Operator: Ladies and gentlemen, this concludes today’s conference call, and we thank you for your participation. You may now disconnect.