PulteGroup, Inc. (NYSE:PHM) Q4 2022 Earnings Call Transcript

Ryan Marshall: Well, there’s less production overall in the supply chain. So I think we can be more efficient with the labor that’s there. And then the biggest issue that contributed to an elongation of cycle times over the last couple of years was impacts to the pandemic. A big part of that was supply chain related. There was also a decent sized piece of it in terms of the work environment, work-from-home, safe work environment, less inspectors in the job sites — on the job sites, less permit reviewers in municipal offices. I mean it was really a combination of things, but probably the biggest variable that is really — I don’t want to declare victory, but it’s probably better than it’s been over the last couple of years as the supply chain environment is healing.

Operator: That concludes the Q&A of today’s call. I now turn the call over to Mr. Zeumer for closing remarks.

Jim Zeumer: Appreciate everybody’s time today. We are certainly around for the remainder of the day if you’ve got any questions. Otherwise, we look forward to speaking with you on our next call.

Operator: That concludes today’s conference. Thank you for attending today’s presentation. You may now disconnect.