Pulte Orders Jump 26%

The homebuilder says it took 13,581 orders in the second quarter.
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Pulte Homes

(PHM) - Get Report

said second-quarter orders rose 26% from a year ago to 13,581 houses.

The Bloomfield Hills, Mich., company sold from 649 communities during the second quarter, up 17% over the prior year.

Like most of its rivals in the red-hot homebuilding sector, Pulte has seen its shares surge over the past year. Surprisingly low mortgage rates have sustained a nationwide home-buying binge despite a series of short-term interest-rate hikes by the

Fed

.

On Wednesday, Pulte fell 93 cents to $84.41.