Shares of PulteGroup (PHM), which have lost more than 20% value in the last two months, fell following Thursday earnings release.
Additionally, D.R. Horton (DHI) shares, which have gained about 7% value this year, also fell in pre-market trade following the report.
Homebuilder PulteGroup's second-quarter profit missed analysts' expectation on increased expenses, and the company said the number of homes booked fell 12 percent. Meanwhile, rival D.R. Horton reported a better-than-expected profit.Sponsor Content