PulteGroup ( PHM ), a leading homebuilder, reported robust first-quarter results, marking an uptick in performance amidst ongoing challenges in the US housing market. CEO Ryan Marshall underscored the significant opportunity for the company to expand its market share in response to a structural shortage of homes in the country. The decision made by management in the previous quarter not to lower prices to stimulate volume proved prudent, as evidenced by the strong performance in Q1. This strategic move was based on improving demand signals observed during Q4, resulting in increased inventory available for the 2024 spring selling season. Consequently, PulteGroup witnessed higher home sales and closures during Q1, achieving considerable earnings and sales beats. The positive momentum extended beyond PulteGroup, with many of its peers experiencing upward movement in stock prices. KB Home ( KBH ), Toll Brothers ( TOL ), D.R. Horton ( DHI ), and Lennar Corporation ( LEN ) all saw gains, re