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U.S. homebuilder PulteGroup's profit surges 51.5 pct
April 21 (Reuters) - PulteGroup Inc, the No.3 U.S. homebuilder, reported a 51.5 percent jump in quarterly profit as it sold more homes at higher prices.
The company's net income rose to $83.3 million, or 24 cents per share, in the first quarter ended March 31 from $55 million, or 15 cents per share, a year earlier.
Total revenue rose 26.4 percent to $1.43 billion.
PulteGroup said the average selling price rose 9.3 percent to $353,000, while new orders rose 10 percent to 5,652 homes.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Kirti Pandey)
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