PulteGroup home sale revenue rises 9 pct as selling prices climb

Thursday, 30 Jan 2014 | 6:45 AM ET

Jan 30 (Reuters) - PulteGroup Inc, the No.2 U.S. homebuilder, reported a 9 percent rise in revenue from home sales as low supply allowed the company to sell houses at higher prices.

The company's net income jumped to $220.1 million, or 57 cents per share, in the fourth quarter ended Dec. 31 from $58.7 million, or 15 cents per share, a year earlier.

Home sale revenue rose to $1.61 billion in the quarter from $1.48 billion, a year earlier.

PulteGroup's average selling price rose 13 percent in the fourth quarter.

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