How is PulteGroup shifting its operating model toward build-to-order and what does that mean for its margins, order growth, and 2026 delivery outlook?
The operating model shift: back to build to order PulteGroup is deliberately moving its product mix back toward build to order BTO homes rather than building spec homes in advance. Management's target is a return to the historic 60% BTO / 40% spec mix, and executives have said they expect...
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