However, keep in mind that the two homebuilders do not operate in every market.
So how does this disperse regionally?
According to Pulte’s earnings, most regions witnessed a drawback in regional home closings in the first quarter, with the southwest falling from 734 last quarter to 468. The only region to experience an uptick was the northeast, which grew from 302 to 343 closings. (click picture for bigger image)